Walker Greenbank PLC Update re Anstey Wallpaper Company (9089A)
04 January 2018 - 6:00PM
UK Regulatory
TIDMWGB
RNS Number : 9089A
Walker Greenbank PLC
04 January 2018
For immediate release 4 January 2018
WALKER GREENBANK PLC
("Walker Greenbank" or the "Company")
Update re Anstey Wallpaper Company
Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings
group, provides an update following the announcement on 6 December
2017 regarding a machine fire at the Company's Loughborough
wallpaper factory, Anstey Wallpaper Company.
The manufacturer of the fire-damaged embossing machine has been
progressing its repair and the machine is expected to be back in
production during the first quarter of the Company's new financial
year ending 31 January 2019. The embossing machine is one of six
production lines at the factory; the other five lines were
unaffected by the fire. Orders that were planned to be printed on
the machine will now be delayed into the new financial year.
As previously announced, the maximum potential impact on
profitability in the current financial year is expected to be less
than GBP0.5m.
The repair to the embossing machine, and fire damage to a small
amount of stock, is covered by the Company's comprehensive
insurance policy.
For further information:
+44 (0) 844 543
Walker Greenbank PLC 4668
John Sach, Chief Executive
Mike Gant, Chief Financial Officer
Investec Bank plc (Nominated Adviser +44 (0) 20 7597
and Broker) 5970
Garry Levin / David Anderson /
Alex Wright - Corporate Finance
Henry Reast - Corporate Broking
+44 (0) 20 7466
Buchanan 5000
Mark Court / Sophie Wills / Catriona
Flint
Notes for editors:
About Walker Greenbank
Walker Greenbank PLC is a luxury interior furnishings company
that designs, manufactures and markets wallpapers, fabrics and
paints. In addition, the Company derives significant licensing
income from the use of its designs on a wide range of interior
products such as bed linen, rugs and tableware.
Walker Greenbank's brands include Sanderson, Morris & Co,
Harlequin, Zoffany, Scion and Anthology. The brand portfolio was
extended with the acquisition of the Clarke & Clarke and Studio
G brands in October 2016.
The Company has a strong UK manufacturing base comprising a
wallpaper factory in Loughborough and a fabric printing factory in
Lancaster. Both factories manufacture for the Company and for other
wallpaper and fabric brands.
Walker Greenbank employs more than 600 people and its products
are sold in more than 85 countries worldwide. It has showrooms in
London, New York, Paris, Amsterdam and Dubai along with partnership
showrooms in Moscow and in Shenzhen, China.
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
END
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