Marshalls plc
2023 Half Year Results Review and Outlook
Management actions position the Group well for when markets normalise
16 August 2023
Agenda
- Highlights
- Key challenges and management response
- Financial performance
- Strategy
- Summary and outlook
- Questions and answers
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Marshalls plc 2023 Half Year Results Review and Outlook | 2 |
Highlights
MANAGEMENT ACTIONS POSITION THE GROUP WELL FOR WHEN MARKETS NORMALISE
Highlights
Management actions position the Group well for when markets normalise
Weak market backdrop impacts on demand and the financial results
- Financial results in short term impacted by weak market backdrop
- Action taken to reduce costs, improve agility and manage cash without compromising medium term capacity
- Significant growth drivers remain following structural under- investment in UK construction
- Well positioned for when markets normalise
- Group PBT has potential to double on volumes c.10 per cent below 2019
Marshalls plc 2023 Half Year Results Review and Outlook | 4 |
MANAGEMENT ACTIONS POSITION THE GROUP WELL FOR WHEN MARKETS NORMALISE
Financial highlights
Revenue | Adjusted operating profit |
£354.1m£41.9m
2% | 13% |
Adjusted basic EPS | Interim dividend |
10.2p2.6p
38% | 54% |
Note: Adjusted PBT stated after adding back adjusting items totaling £16.5 million; see page 39 for details
Adjusted PBT
£33.2m
26%
Pre-IFRS 16 net debt
£184.6m
£23.6 million
Marshalls plc 2023 Half Year Results Review and Outlook | 5 |
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Disclaimer
Marshalls plc published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 08:10:05 UTC.