Marks Electrical reduces profit guidance despite sales rise
Marks Electrical has reduced its profit guidance despite growth in revenue and market share as “consumers remain highly price-conscious” in a challenging trading environment.
In a trading update for the nine months to December 31, 2023, Marks Electrical sales increased 22% to £88.9m, while sales in the three months to December grew 17.8% to £35.1m.
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