22 Jul 2009 07:00
| For immediate release | 22 July 2009 |
WALKER GREENBANK PLC
("Walker Greenbank" or "the Company")
Annual General Meeting
Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co., Harlequin and Zoffany, will hold its Annual General Meeting in London this morning. Terry Stannard, the Company's Chairman, will make the following comments:
"The Company's performance in the first half of the financial year, to 31 July 2009, is in line with management expectations. Group sales are expected to be down by around 12.5% on the corresponding first half last year, a period in which trading was particularly strong. Our manufacturing sales have declined more significantly than our brand sales in the first half, partly as a result of customer destocking.
"Whilst we are cautious about the remainder of the year, we have evidence that a degree of stability has returned to our brand sales in our key UK retail market. We are therefore comfortable that we will 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 | |
| Arden Partners plc | 020 7398 1600 |
| Chris Hardie / John Goold | |
| Buchanan Communications | 020 7466 5000 |
| Mark Court / Miranda Higham |
WGB.L (WGB)