Marshalls (GB:MSLH) has released an update.
Marshalls PLC has weathered a challenging economic environment, with a downturn in key markets like new build housing and private housing repair, maintenance, and improvement (RMI), resulting in a drop in half-year revenue by 13%. Despite this, the company has managed to reduce net debt and maintain a strong balance sheet through cost management and working capital control. Looking ahead, Marshalls is optimistic about a modest market recovery and is planning to unveil a new five-year strategy aimed at medium-term growth and capitalizing on sustainable markets.
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