微密圈

微密圈 products firm Marshalls has issued a profit warning for the year after saying that its core landscaping business has been hit by a slowdown in work.

In an unscheduled trading update, the firm said: 鈥淎ctivity levels in our key end markets softened from the end of May and the Board does not currently see any immediate catalyst for improvement in these for the remainder of 2025.鈥�

It said business at its landscaping arm has shrunk by 1% to 拢135m, albeit an improvement on the 11% reduction in the second half of last year.

But it added: 鈥淟andscaping end markets remain challenging with structural overcapacity in the UK supply chain continuing to exert downward pressure on prices.

鈥淎dditionally, cumulative inflation in building materials has driven increased value engineering in construction projects, shifting demand toward commodity products over higher margin value-added solutions.鈥�

Revenue at its building products and roofing businesses both grew but the firm said: 鈥淏eing mindful of continuing uncertainty in the macro-economic environment, the Board currently sees no improvement in market activity levels through the remainder of 2025.

鈥淎ccordingly, its full year expectations for the Group have reduced and it now expects adjusted profit before tax to be in the range of 拢42 million and 拢46 million in 2025.鈥� It said that it was looking to reduce costs as a result.

Revenue in the first half was up 4% to 拢319m with the firm due to announce its interim results on 11 August.