Landscaping and building supplier Marshalls on Tuesday unveiled a new strategy targeting an operating margin of 15% and outperformance the wider construction market by 2 – 4%.
Source: Sharecast
In a statement ahead of a capital markets day for investors, Marshalls said it would maintain “a disciplined capital allocation policy focused on optimising long-term shareholder value”.
“The strategy is capital-lite with annual capital expenditure of between £20m – 30m and a targeted return on capital employed of 15%,” the company said.
Reporting by Frank Prenesti for Sharecast.com
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