Landscaping products supplier's trading statement shows revenue to the end of 2009 was 拢312m

Sales were down 16% last year at landscaping products supplier Marshalls.

The company announced its results for the year to 31 December 2009 today, which showed that revenue for the year was 拢312m, down from 拢378m in 2008.

Taking into account three fewer working days in 2009 than in 2008, like for like daily sales revenue was down 16%.

Sales to the public sector and commercial market, which represent 58% of Marshalls' sales, were down more heavily, by 18% for the year.

Sales to the domestic market were down 13%, meanwhile.

Marshalls said in a statement today : 鈥淭he group remains cautious about the short term outlook, especially given the latest industry forecasts for 2010, which continue to predict mid-single digit reductions in volume. 鈥�

Marshalls said in June it had closed factories and reduced working shifts in order to cut costs.

It also raided 拢4m through a right issue earlier in the year.

It said today: 鈥淐ash management has been a priority during 2009 and reductions in stock and capital expenditure have ensured that net debt at 31 December 2009 is slightly better than plan at approximately 拢69m.鈥�

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