BUZZ-UK's Marshalls tumbles on downbeat FY profit outlook
Shares of UK landscaping and roofing products supplier Marshalls (MSLH.L) dropped 25% to 198p, marking its lowest point since October 2023. The company expects FY adjusted PBT to be between £42 million and £46 million, down from £51.4 million. Analysts at Peel Hunt noted that while this news is disappointing, strong performances in roofing and building products and ongoing operational changes in landscaping provide some optimism. Year-to-date, MSLH is down approximately 30%.
Shares of UK landscaping and roofing products supplier Marshalls (MSLH.L) fell as much as 25% to 198p, lowest since October 2023
Stock is the top loser on FTSE mid-caps (.FTMC) index, which is down 0.39%
Co expects FY adjusted PBT to be in the range of 42 million pounds ($56.63 million) and 46 million pounds vs 51.4 million pounds, according to LSEG data
“This is clearly disappointing news but it is partly tempered by the robust performances in roofing and building products, and the fact that there is already material operational change underway within landscape,” analysts at Peel Hunt say
Including session moves, MSLH down ~30% YTD ($1 = 0.7416 pounds)
