This represents an upturn in the second half of the year, having been down 4% in the first half. Revenue for the six months to 31 December 2013 was up 9% compared with the second half of 2012.
Cash realised from the sale of the aggregates businesses and continued control of inventory and capital expenditure has resulted in a reduction in year-end net debt to £36m (2012: £63m).
With the ե֭ Products Association forecasting market growth of 2.7% in 2014 and 4.6% in 2015, Marshalls said it was “well placed to improve trading margins and deliver growth”.
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