Year-end Trading Update

RNS Number : 6447W

Walker Greenbank PLC

02 February 2012

 



For immediate release

2 February 2012

WALKER GREENBANK PLC

("Walker Greenbank" or "the Company")

Year-end Trading Update

Walker Greenbank plc (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co, Harlequin and Zoffany, is pleased to announce its pre-close trading update for the year ended 31 January 2012.

The Company has continued to trade well following its half year results announced in October 2011. It is therefore expected that pre-tax profits will be slightly ahead of analyst forecasts, reflecting an encouraging performance in the UK and strong growth in international markets, particularly the Far East, Eastern Europe and the Middle East.

The Company's total sales are expected to be up 7% at £74 million (2011: £69m).

Sales of the Company's brands in the UK were up 5%, and in the US were up 4% at constant currency. The Company's emerging international markets performed extremely well. In the Far East, brand sales were up 20%; in Eastern Europe, up 22%; and in the Middle East, up 94%.

The Company's manufacturing businesses had another successful year, with third-party sales up 8%.

Walker Greenbank intends to issue its preliminary results in the week commencing 16 April 2012.

For further information:

Walker Greenbank PLC	[phone]
John Sach, Chief Executive
Alan Dix, Finance Director
Seymour Pierce	[phone]
Mark Percy/Catherine Leftley - Nominated Adviser
Katie Ratner - Corporate Broking
Buchanan Communications	[phone]
Mark Court / Suzanne Brocks / Sophie Cowles

 

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