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Marshalls PLC on Friday said it sees no improvement in market activity levels through the rest of the year, cutting its guidance for adjusted pretax profit. Marshalls is an Yorkshire, England-based maker of hard landscaping products such as paving stones. Its shares were down 23% to 202.50 pence on Friday morning in London. The company said revenue rose 3.9% to £319 million in the first half of 2025 from £307 million a year ago. Marshalls cut its adjusted pretax profit guidance for 2025 to between £42 million and £46 million. This would be between 12% and 20% lower than £52.2 million in 2024. ‘Landscaping end markets remain challenging with structural overcapacity in the UK supply chain continuing to exert downward pressure on prices,’ Marshalls said. ‘Additionally, cumulative inflation in building materials has driven increased value engineering in construction projects, shifting demand toward commodity products over higher-margin value-added solutions.’ The company said it sees no improvement in market activity levels through the rest of 2025. Chief Executive Officer Matt Pullen said: ‘We remain focused on executing the performance improvement plan in this segment, however the softening of demand, a weaker product mix and targeted price investment have reduced our group profit expectations for 2025. We have taken action to reduce costs and optimise our national manufacturing network in the first half of the year and are taking further action at pace in the second half, which together are expected to improve Landscaping profitability materially in 2026.’ The company will release its half-year results on August 11. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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