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AGM Statement

23 Jul 2008 07:00

RNS Number : 6544Z
Walker Greenbank PLC
23 July 2008
Ā 



For immediateĀ release

23Ā JulyĀ 2008

WALKER GREENBANK PLC

("Walker Greenbank" or "the Company")

AnnualĀ General Meeting

Walker Greenbank PLC (AIM: WGB),Ā the luxury interior furnishings group whose brands include Sanderson, Morris & Co, Harlequin and Zoffany,Ā will hold its Annual General Meeting in London this morningĀ at which Ian Kirkham, the Company's Chairman, will make the following comments:

"Sales in the first half of the financial year, to 31 July 2008, are expected to be at leastĀ 5Ā per cent above the first half of last year,Ā reflecting continued strong organic growthĀ in our brands.Ā 

"The effect of recent macro-economic issues on theĀ UKĀ retail sector is well documented. However, we areĀ able to offer a degree of resilience as ourĀ UKĀ customers are not to be found in the mass market andĀ approximately 40Ā per cent of our sales are inĀ contract andĀ overseasĀ markets,Ā where we are currently under represented and developing strongly.Ā 

"As a result, and providedĀ current performanceĀ trends continue,Ā weĀ expect theĀ Company toĀ meet market expectations for the full year."

For further information:

Walker Greenbank PLC

08708 300077

John Sach, Chief Executive

Alan Dix, Finance Director

Julian Wilson, Company Secretary

LandsbankiĀ Securities (UK) Limited

020 7426 9000

Tom Hulme

Buchanan Communications

020 7466 5000

Mark Court/Suzanne Brocks/Miranda Higham

This information is provided by RNS
The company news service from the London Stock Exchange
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