Report
Toby Thorrington

Walker Greenbank - Accentuating the positives

There were a number of headwinds and tailwinds in FY18, in which good growth was delivered, but lower earnings expectations have dominated sentiment. Walker Greenbank has some strong and unique market positions and is becoming increasingly active in broadening its revenue mix into faster-growing segments. Success here and greater stability in UK demand will translate to rating expansion in our view.
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
Toby Thorrington

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