Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWGB.L Regulatory News (WGB)

  • There is currently no data for WGB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AGM Statement

21 Jun 2017 07:00

RNS Number : 6612I
Walker Greenbank PLC
21 June 2017
 

 For immediate release

21 June 2017

 

 

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:

 

"In the first four-and-a-half months of the current financial year, Brand sales were up 4.5% in reportable currency and up 1.1% in constant currency, with sales in Europe and the USA outperforming the UK, where sales were in line with the same period last year. Brand sales exclude Clarke & Clarke, which continues to trade in line with the Board's expectations and remains an exciting addition to our product portfolio.

 

"Licence income continues to perform strongly, and is benefiting from the new licensing agreements signed in the prior financial year.

 

"Our two manufacturing sites both have improving order books and have recently started to print for the Clarke & Clarke and Studio G brands. There has been a noticeable increase in export orders from new customers at both sites, though it is too early to predict the strength of this trend.

 

"We are pleased to announce today the final settlement of our insurance claim following the flood at our fabric printing factory in December 2015. We expect to receive the final payment of £2.4 million by our half-year end, bringing the total amount received in respect of the claim to £19.3 million.

 

"The current financial year is set to mark a step change in Walker Greenbank's financial performance as it will include a full year's contribution from the Clarke & Clarke acquisition. Whilst today's AGM comes at a time of political and economic uncertainty in the UK, at this early stage of our financial year we continue to expect to meet Board expectations for the full year."

 

 

 

 

For further information:

 

Walker Greenbank PLC

+44 (0) 844 543 4668

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 Cowles / 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 and Anthology. The brand portfolio was extended with the acquisition of the Clarke & Clarke and Studio G brands in October 2016.

 

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, Paris, Amsterdam and Dubai along with partnership showrooms in Moscow and 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/

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGMEANKEAFXXEFF
Date   Source Headline
10th Dec 20207:00 amRNSUpdate re Change of Name
20th Nov 20207:00 amRNSCollaboration to launch Scion Online Shop
17th Nov 20207:00 amRNSUpdate re Change of Name
16th Nov 20202:06 pmRNSSecond Price Monitoring Extn
16th Nov 20202:01 pmRNSPrice Monitoring Extension
16th Nov 202011:05 amRNSSecond Price Monitoring Extn
16th Nov 202011:00 amRNSPrice Monitoring Extension
11th Nov 20204:57 pmRNSGrant of Awards under LTIP
9th Nov 20204:40 pmRNSSecond Price Monitoring Extn
9th Nov 20204:35 pmRNSPrice Monitoring Extension
9th Nov 20207:00 amRNSLicensing Agreement with NEXT
27th Oct 20207:00 amRNSBlock Listing Six Monthly Return
14th Oct 20207:00 amRNSInterim Results
25th Sep 20207:00 amRNSNotification of Half Year Results
28th Aug 202011:07 amRNSNotification of Major Holdings
11th Aug 20207:00 amRNSHalf Year Trading Update
29th Jul 202011:11 amRNSResult of AGM
29th Jul 20207:00 amRNSAGM Trading Update
8th Jul 202012:03 pmRNSAnnual Report and Notice of AGM
7th Jul 20204:53 pmRNSNotification of Major Holdings
3rd Jul 20202:47 pmRNSPDMR Share Purchase
1st Jul 20201:23 pmRNSDirector Share Purchase
1st Jul 202011:24 amRNSDirector Share Purchase
30th Jun 20207:00 amRNSFull Year Financial Results
23rd Jun 20207:00 amRNSMorris & Co collaboration with Ben Pentreath
16th Jun 20207:00 amRNSFull Year Results Analyst Conference Call
27th May 20207:00 amRNSPhased Return of Manufacturing
7th May 20204:16 pmRNSNotification of Major Holdings
7th May 20204:15 pmRNSNotification of Major Holdings
27th Apr 20207:00 amRNSBlock Listing Six Monthly Return
16th Apr 20207:00 amRNSNotice of Full Year Results and Covid-19 Update
8th Apr 202011:05 amRNSSecond Price Monitoring Extn
8th Apr 202011:00 amRNSPrice Monitoring Extension
30th Mar 202011:29 amRNSNotification of Major Holdings
25th Mar 20207:00 amRNSCovid-19 Update
20th Mar 20202:00 pmRNSPrice Monitoring Extension
16th Mar 20202:06 pmRNSSecond Price Monitoring Extn
16th Mar 20202:00 pmRNSPrice Monitoring Extension
5th Mar 20207:00 amRNSScion Homeware Collaboration with NEXT
28th Feb 20207:00 amRNSCollaboration with Tess Daly
26th Feb 20207:00 amRNSAppointment of Chief Financial Officer
11th Feb 20207:00 amRNSFull Year Trading Update and Results Notification
30th Jan 20207:00 amRNSSanderson collaboration with the National Trust
18th Dec 20197:00 amRNSDirectorate Changes
26th Nov 20197:00 amRNSExtends Distribution Agreement with Kravet Inc.
21st Nov 20194:10 pmRNSGrant of Awards under LTIP
6th Nov 201912:40 pmRNSNotification of Major Holdings
29th Oct 201910:37 amRNSNotification of Major Holdings
28th Oct 201910:24 amRNSBlock Listing Six Monthly Return
24th Oct 20197:00 amRNSManagement Appointments in the UK and US

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.