Walker Greenbank PLC AGM Statement (6599S)

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                          [phone] 
 John Sach, Chief Executive 
  Mike Gant, Chief Financial Officer 
 Caroline Geary, Company Secretary 
 
 Investec Bank plc (Nominated Adviser 
  and Broker)                                  [phone] 
 Garry Levin / David Anderson / Alex Wright 
  - Corporate Finance 
 Henry Reast - Corporate Broking 
 
 Buchanan                                      [phone] 
 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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June 27, 2018 02:00 ET (06:00 GMT)