Report

Big leap forward

The proposed acquisition of Clarke & Clarke (the first deal for more than 10 years) represents a big leap forward for the group, increasing our group 2018 PBT estimate by 45%. Moreover, the group’s fabric printing business is back in full production following the major flash flood last December. Despite the challenging trading climate, Walker Greenbank expresses its confident outlook with a 25% increase in the interim dividend.
Underlying
SANDERSON DESIGN GROUP PLC

Walker Greenbank is engaged in the design, manufacture, marketing and distribution of wallcoverings, furnishing fabrics and associated products for the consumer market. Co. manages its operations as two reportable segments: Brands, which is engaged in the design, marketing, sales and distribution, and licensing activities of Sanderson, Morris & Co, Harlequin, Zoffany, Anthology, Scion, Clarke & Clarke and Studio G brands operated from the U.K. and its foreign subsidiaries in the U.S. and France; and Manufacturing, which is engaged in the wallcovering and printed fabric manufacturing businesses operated by Anstey and Standfast respectively.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Nigel Harrison

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