Marshalls targets 15% operating margin under new strategy

(Sharecast News) - 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%. 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