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Jul 31 2023, 08:35 IST/BST
Marshalls
Full year result to be below previous expectations
- Sectors : Building products
- Companies : Marshalls
DAVY VIEW
Marshalls continues to be significantly impacted by the macro environment, as noted by its second profit warning in three months. Further cost-cutting measures should help to soften the impact of lower sales, but in what is an unscheduled update the group now expects a ‘markedly weaker’ result in H2. As a result, we expect to cut our full year pre-tax profit forecast from £70.8m towards £52-53m.
