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Half Year Trading Update

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RNS Number : 9454U
Walker Greenbank PLC
04 August 2015
 

 

For immediate release

4 August 2015

 

 

WALKER GREENBANK PLC

("Walker Greenbank" or "the Company")

 

Half Year Trading Update

 

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co., Harlequin, Zoffany, Scion and Anthology, is pleased to announce its pre-close trading update for the half year ended 31 July 2015.

 

The Board is pleased to report another successful six month trading period, with sales performing well in UK and overseas markets.

 

Total brand sales were up 8.4% in reportable currency, 9.1% in constant currency, in the six months to 31 July 2015 compared with the corresponding period last year.

 

Brand sales in the UK, the Company's largest market, were up 6.8% and brand sales overseas were up 10.8% in reportable currency, 12.7% in constant currency. US sales delivered excellent growth with sales up 29.7% in reportable currency and 18.6% in constant currency.

 

The Company's manufacturing operations performed well in the half year, with digital printing continuing to grow rapidly.

 

The Board remains confident in the outlook for the full year.

 

Walker Greenbank intends to issue its half year results on Wednesday 14 October 2015.

 

 

For further information:

 

Walker Greenbank PLC

+44 (0) 844 543 4668

John Sach, Chief Executive

Mike Gant, Chief Financial Officer 


Caroline Geary, Company Secretary




Investec Bank plc

+44 (0) 20 7597 5970

Garry Levin / David Anderson - Nominated Adviser


Henry Reast - Corporate Broking




Buchanan

+44 (0) 20 7466 5000

Mark Court / Helen Chan / Sophie Cowles


 

Notes for editors:

 

About Walker Greenbank

 

Walker Greenbank PLC is a luxury interior furnishings company that designs, manufactures and markets wallpapers and fabrics together with a wide range of ancillary interior products. The Company's brand portfolio - comprising Sanderson, Morris & Co, Harlequin, Zoffany, Scion and Anthology - spans heritage and contemporary design and its products are sold in 85 countries worldwide. The Company derives significant licensing income from the use of its designs in lifestyle products such as bed linen, rugs and tableware.

 

The Company employs more than 600 people and has showrooms in London, New York, Paris, Amsterdam and Dubai along with partnership showrooms in Moscow and in Shenzhen, China. Its UK manufacturing base, which includes a wallpaper factory in Loughborough and a fabric printing factory in Lancaster, manufactures product both for the Company and for other wallpaper and fabric brands. Continued investment in manufacturing has allowed the Company to offer a wide range of printing techniques.

 

Walker Greenbank trades on the AIM market of the London Stock Exchange under the ticker symbol WGB.

 

For further information please visit: www.walkergreenbank.com/

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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