Wallpaper pays off for Walker Greenbank manufacturing
Walker Greenbank, the luxury interior furnishings group whose brands include Sanderson, Morris, Harlequin and Zoffany, reported today (13 October) that its manufacturing operations are benefiting from a growing demand for printed fabric and wallpaper, with sales for the half year to 31 July up 27%.
Total half year revenue was up 15.6% at £33.67 million (compared to £29.14m for the same period last year) while operating profit before exceptional gains was up 96.5% at £2.06 million (£1.05m)
Chairman Terry Stannard said: "Our excellent first half results reflect the strength of our brand sales and manufacturing in an improved marketplace. We are now selling more product than ever before, comfortably exceeding pre-recession levels. Our continued strong investment in new product launches gives us excellent growth opportunities in domestic and international markets. The momentum in our first half sales has continued, and we have traded well in the first ten weeks of the second half. We enter the autumn selling period with confidence of delivering a strong full year performance."
