Walker Greenbank PLC (AIM: WGB) – full year trading update from the luxury furnishings group
The luxury interior furnishings group issued a positive pre-close trading update for the year ended 31 January 2015. This little business has been delivering some terrific numbers over the past few years
Trading has continued to be positive following the announcement of its half year results in October 2014 with Group sales for the year expected to be up 6.4% on the previous year at £83m (2013:£78.43m) and adjusted profit before tax is expected to be at the top end of analysts’ forecasts – consensus estimates for pre-tax £7.74m and eps 10.97p. Total brand sales during the year were up 8.2% in constant currency (6.7% in reportable currency) helped by strong growth in the contracts division and by an encouraging contribution from the Company’s newest brand, Anthology, which has performed particularly strongly…