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Jan 21 2025, 08:36 GMT
Marshalls
2024 within range of forecasts but resetting expectations for 2025
- Sectors : Building products
- Companies : Marshalls
DAVY VIEW
Marshalls continued the trend of a moderating revenue decline in 2024, which has allowed its full year profit result to be ‘within the range of analyst expectations’. However, commentary regarding 2025 strikes an increasingly cautious tone – citing increased costs and market uncertainty. We expect to make downward revisions to both 2024 and 2025 adjusted pre-tax profit numbers, with the brunt of the change relating to 2025.
