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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, William Morris and Zoffany.

Share price chart

Share chart

Stock data

Market cap.£41.8m
Last close72.00p
High / Low (52 weeks)75.8p / 42.8p
Stock market listingAIM
Forecast net cash (£m)0.2
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual2.1327.4344
Relative *7.1437.958.25

* % Relative to local index

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Y/E Jan Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2011A 68.8 6.9 5.0 6.40 11.3 9.1
2012A 74.0 7.8 5.7 7.26 9.9 9.0
2013E 78.0 8.3 5.9 7.50 9.6 8.2
2014E 82.0 8.7 6.3 8.01 9.0 7.5

Last updated on 19/04/2012

Latest research

Investment summary

Full-year figures demonstrate another impressive performance in the face of challenging market conditions. UK sales growth of 5% in a flat market was supplemented by strong growth in exports. Management continues to invest in new product across the group brands and extend the scope and potential of specialist manufacturing businesses. Longer-term strategy is enhanced by the introduction of the new Scion contemporary brand, plus a number of strategic licence agreements with leading global third-party consumer brands.

Last updated on 23/04/2012

Industry outlook

The UK interior furnishing industry has experienced uncertainty for many years under the influence of fashion changes. Many brands have failed to grow, while several specialist manufacturing facilities have closed down. Manufacture for the volume segment of the market has largely moved overseas. However, success is being delivered by operators able to differentiate themselves from competition by consistently offering innovative and high-quality design and products.

Last updated on 23/04/2012

Key management

Terry Stannard, Chairman
John Sach, CEO
Alan Dix, FD

Company address

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



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