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Western Europe slows Walker Greenbank's growth

Tue, 07th Aug 2012 09:46

Upmarket wallpaper and fabrics maker Walker Greenbank saw sales growth slowed by Western Europe's economic problems, suggesting even the rich are being hit by the Eurozone's woes.The luxury interior furnishings group expects profit before tax for the half year to be in line with internal projections, pushed higher by total brand sales and a strong performance from its manufacturing operations.Brand sales grew six per cent during the half year, although in Western Europe decreased 12 per cent in reportable currency and 6 per cent at constant currency. Overall, brand sales increased by four per cent. Earlier in the year the company announced it had seen the first significant growth since 2008 in the US where brands sales in the half year were up 22% in reportable currency and up 18% at constant currency. Other international progress includes the Far East, where brand sales were up 13%, and Russia, up 10%. The share price fell 0.67% to 74.25p by 10:03.NR
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11 Nov 2014 09:49

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6 Oct 2014 10:05

Monday broker round-up

Asos: UBS ups target price from 4000p to 4050p and stays with its buy recommendation. Cranswick: Numis cuts target price from 1326p to 1296p and keeps a hold recommendation. Dunelm Group: Citi reduces target price from 930p to 870p downgrading to neutral. easyJet: Citi ups target price from 1600p

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1 Oct 2014 16:52

Strong sales drive Walker Greenbank H1 profits up

Interior furniture producer Walker Greenbank saw its pre-tax profits for the first half of the year rise from £2m to £2.3m, thanks to strong performances in its three main markets. In the UK, which is the firm's main market, sales grew 10% year-on-year, while they rose 12.2% in constant currency in

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1 Oct 2014 08:43

Walker Greenback Posts Higher First-Half Profit Despite Sterling Hit

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