Marley Revenue Drops as Demand Weakens

Marley, which makes up the Roofing Products division of Marshalls plc, saw a 3% drop in revenue on the first four months of 2026, compared to the previous year.

In a trading update to 30 April 2026, Marshalls, manufacturer of solutions for the built environment, reported Group revenue of £205 million, down 1% on 2025 (£207 million). The Board says this result is in line with expectations despite continued end-market uncertainty.

Roofing Products revenue fell to £63 million (2025: £65m), reflecting a competitive roof tile market, driven by softer demand levels and additional industry capacity. This was offset by Viridian Solar which continued to perform well, maintaining margins and delivering year-on-year revenue growth.

Other Divisions

In Marshalls’ other divisions, trading performance remained unchanged. Landscaping Products revenue was £86 million, in line with 2025, maintained by a “simplified product portfolio and an improved service offering”. Execution of the performance improvement plan continues to deliver progress, and the business remains on track to deliver the previously announced £11 million of annualised cost savings by the end of the year, the company says.

Building Products revenue also remained steady at £56 million, in line with the year prior. While Mortars & Screeds benefited from market conditions that continued to favour ready-to-use products, trading in Bricks & Masonry was impacted by continued weakness in new housing and competitive market conditions.

The company also says Water Management continues to make good progress, building a strong pipeline of design-led opportunities.

Outlook

Despite an uncertain macroeconomic outlook and ongoing volatility arising from the war in the Middle East, Marshalls says expectations for the full year remain unchanged.

Simon Bourne, Chief Executive Officer, commented: “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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