AGM Statement

RNS Number : 4194M

Walker Greenbank PLC

16 July 2014

 



For immediate release

16 July 2014

WALKER GREENBANK PLC

("Walker Greenbank" or "the Company")

AGM Statement

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co., Harlequin, Zoffany, Scion and Anthology, will hold its Annual General Meeting in London this morning.

Terry Stannard, Walker Greenbank's Chairman, will make the following statement:

"At the time of our preliminary results we said that the current financial year has started well. I'm pleased to report that trading continues to be positive with our UK sales performing particularly strongly.

"In the first five-and-a-half months of the current year, Brand sales overall are up 6.0% in reportable currency compared with the same period last year. In the UK, our largest market, brand sales are up 10.3%. Our overseas brand sales are down 0.1% in reportable currency but up 4.7% in constant currency.

"Manufacturing continues to perform well and it is pleasing to note that our new wallpaper brand Anthology, which is predominantly printed on the hybrid rotary/gravure machine commissioned last year, has been very well received by our marketplace.

"We remain confident of the outlook for the remainder of the year."

For further information:

Walker Greenbank PLC	[phone]
John Sach, Chief Executive Mike Gant, Chief Financial Officer
Caroline Geary, Company Secretary
Investec Bank plc	[phone]
Garry Levin / David Anderson - Nominated Adviser
Henry Reast - Corporate Broking
Buchanan	[phone]
Mark Court / Fiona Henson / Sophie Cowles

 

END

 

 

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