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Profit down 13% at Marshalls as demand weakens

The company expects the tough trading environment to extend into 2024
August 16, 2023
  • Like-for-like revenue down 13 per cent
  • Lower volumes hurt operating margin

The muted response to a disappointing set of results from building products group Marshalls (MSLH) can be attributed to the fact that it trailed headline numbers last month when it announced 250 job cuts.

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