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Oct 7 2022, 08:55 IST/BST
While conditions remain difficult in Marshalls’ Landscape Products division, driven by weaker private-housing RMI, and the resulting downgrade (c.8% to £91m PBT for 2022) is clearly disappointing, we are encouraged to see the company respond with a right-sizing of manufacturing output. This will reduce costs (c.£10m from 2023) and, importantly, will likely accelerate the synergy potential from network consolidation post-Marley acquisition.
Oct 7 2022, 08:55 IST/BST