Marshalls targets 15% operating margin under new strategy
Marshalls
332.00p
10:04 19/11/24
2.31%
7.50p
Landscaping and building supplier Marshalls on Tuesday unveiled a new strategy targeting an operating margin of 15% and outperformance the wider construction market by 2 – 4%.
Construction & Materials
12,146.36
09:59 19/11/24
-0.41%
-50.17
FTSE 250
20,310.00
10:05 19/11/24
n/a
n/a
FTSE 350
4,454.62
10:05 19/11/24
n/a
n/a
FTSE All-Share
4,412.58
10:05 19/11/24
n/a
n/a
In a statement ahead of a capital markets day for investors, Marshalls said it would maintain “a disciplined capital allocation policy focused on optimising long-term shareholder value”.
“The strategy is capital-lite with annual capital expenditure of between £20m – 30m and a targeted return on capital employed of 15%,” the company said.
Reporting by Frank Prenesti for Sharecast.com