Walker Greenbank (WGB)

Business description

Walker Greenbank is a luxury interior furnishings group combining specialist design skills with high-quality upstream manufacturing facilities. Leading brands include Harlequin, Sanderson, Morris & Co, Scion, Anthology, Zoffany and Clarke & Clarke.

Stock data

Market cap.£93.6m
Last close132.00p
High / Low (52 weeks)241.5p / 121.5p
Stock market listingLN
Forecast net debt (£m)2.4
Forecast gearing ratio (%)4
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual(6.4)(41.7)(32.8)
Relative *(8.4)(42.9)(37.6)

* % Relative to local index

Other companies in sector Show

Company news

Will Walker Greenbank plc (LON:WGB) Continue To Underperform Its Industry?

Wed, 27 Dec 2017 12:00:00 GMT

Walker Greenbank profits hit by Storm Desmond

Mon, 14 Dec 2015 10:27:27 GMT

Walker Greenbank completes flood defences

Tue, 07 Feb 2017 10:01:51 GMT

Walker Greenbank set for earnings enhancing wallpaper acquisition

Wed, 12 Oct 2016 11:17:04 GMT

Walker Greenbank cranks up the divi as licensing activities pick up

Wed, 26 Apr 2017 10:09:37 GMT

Y/E Jan Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 87.8 11.8 8.9 11.6 11.4 11.2
2017A 92.4 13.4 10.4 12.9 10.2 6.7
2018E 110.7 16.6 12.9 14.5 9.1 9.4
2019E 115.2 17.3 13.4 15.1 8.7 7.0

Last updated on 06/12/2017

Investment summary

An encouraging order intake period just before the H118 results announcement has proved to be a false read for the remainder of the year. A previously variable UK intake profile has weakened in the last few weeks across Walker Greenbank’s premium brand portfolio, although Clarke & Clarke is understood to be showing good y-o-y progress. Elsewhere in Brands, International and Licensing revenues are trading well and ahead of the prior year. Close to half of the Manufacturing division’s gross revenue supports Brand activities so the weaker sales trend also affects performance here.

Last updated on 13/12/2017

Industry outlook

The UK interior furnishings industry has experienced uncertainty for many years under the influence of economic shifts and fashion changes. Many brands have failed to grow, while significant production capacity has been closed down, with manufacture for the volume segment largely moved overseas. Success continues to be delivered by those businesses that are able to differentiate themselves from competition by consistently offering innovative and high-quality design and products.

Last updated on 13/12/2017

Key management

Terry Stannard, Chairman
John Sach, CEO
Mike Gant, FD

Company address

Bradboure Drive
Tilbrook
Milton Keynes
MK7 8BE
United Kingdom
+44 (0) 845 126 5582
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