Walker Greenbank PLC AGM Statement (6599S)
27 June 2018 - 4:00PM
UK Regulatory
TIDMWGB
RNS Number : 6599S
Walker Greenbank PLC
27 June 2018
For immediate release 27 June 2018
WALKER GREENBANK PLC
("Walker Greenbank" or "the Company")
AGM Statement
Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings
group, will hold its Annual General Meeting ("AGM") in London this
morning.
At the AGM, Terry Stannard, Walker Greenbank's Chairman, will
make the following statement:
"Trading in the financial year continues to reflect a difficult
marketplace though we have recently seen an improving trend in some
geographies including the UK and the US, our two largest
markets.
"Brand sales in the first four and a half months of the
financial year were down 6.0 per cent in the UK and down 1.9 per
cent overseas in constant currency, down 3.8 per cent in reportable
currency. Our high margin licence income continues to perform
strongly and we are encouraged by the potential of recent licence
agreements.
"The out-turn for the full year remains in line with Board
expectations and anticipates a further improvement in trading in
our traditionally stronger second half and additional momentum in
licence income generated from recently signed agreements."
For further information:
Walker Greenbank PLC +44 (0) 1895 221068
John Sach, Chief Executive
Mike Gant, Chief Financial Officer
Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser
and Broker) +44 (0) 20 7597 5970
Garry Levin / David Anderson / Alex Wright
- Corporate Finance
Henry Reast - Corporate Broking
Buchanan +44 (0) 20 7466 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, Clarke & Clarke and Studio G.
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, Chicago, Paris, Amsterdam and Dubai along with a
partnership showroom 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
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END
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