Marshalls has stated that its trading in the four months to 30 April remained in line with expectations, as its revenue dropped by 1% year-on-year to £205m.

The landscaping, building and roofing products supplier said it was responding in a disciplined way to cost inflation arising from the Middle East conflict, using targeted commercial actions and working with customers to recover costs.

It added that with the vast majority of its products manufactured in Britain, its UK-centric manufacturing network limits direct exposure to international freight disruption and supports continuity of “supply, service and quality”.

Across its divisions, there was no growth in its landscaping and building products divisions, while its roofing products division recorded a 3% drop in its revenue to £63m.

Marshalls stated that its balance sheet remains strong, with its net debt reducing year-on-year from £171m to £167m.

In its outlook, the supplier said the macroeconomic outlook remains uncertain and there is potential for ongoing volatility arising from the Middle East crisis to further impact further trading conditions.

Chief executive officer at Marshalls, Simon Bourne, concluded: "Trading in the first four months of the year has been in line with our expectations, and our teams are making clear progress in the areas within our control.

"The disciplined execution of our 'Transform & Grow' strategy is strengthening our market position, improving service and operational performance, alongside maintaining a tight focus on cash, cost and capital allocation.

"In landscaping, the performance improvement plan continues to deliver progress; in water management, we are building momentum; and across roofing, disciplined commercial and operational execution is supporting performance. This progress means our expectations for the full year remain unchanged and reinforces our confidence in the strategic direction of the group and our ability to deliver sustainable, profitable growth over the medium term."

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