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Pre-close Trading Update

3rd Aug 2011 07:00

RNS Number : 6133L
Walker Greenbank PLC
03 August 2011
 



For immediate release

3 August 2011

 

WALKER GREENBANK PLC

("Walker Greenbank" or "the Company")

 

Pre-close 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 a pre-close trading update ahead of its results for the six months ended 31 July 2011.

 

The Company has performed particularly well during the period, with the result that trading is ahead of internal projections.

 

Group turnover has grown 11% compared with the same period last year, with underlying Brand sales having grown 9% overall. The Morris & Co collections launched to celebrate the brand's 150th anniversary, and Harlequin's recently launched Momentum collection, have driven strong second quarter sales.

 

Underlying Brand sales in the UK have grown 6% during the period. Encouragingly, underlying international sales have grown 13% with particularly strong growth of 38% in the Rest of the World. This growth has been led by countries including China, where sales are up 20%, Russia, up 25%, Sweden, up 20%, and the Middle East up 135% due to strong contract sales.

 

The Company intends to issue its half year results in early October.

 

 

 

 

For further information:

 

Walker Greenbank PLC

+44 (0) 1908 658088

John Sach, Chief Executive 

Alan Dix, Finance Director

Seymour Pierce

+44 (0) 20 7107 8000

Mark Percy / Catherine Leftley - Nominated Adviser

Marianne Woods / Katie Ratner - Corporate Broking

Buchanan Communications

+44 (0) 20 7466 5000

Mark Court / Suzanne Brocks

 

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