Walker Greenbank - Strategic progress in challenging markets
The impacts of COVID-19 on trading were visible in the H121 outturn but management actions resulted in an improved net cash position at the period end. Walker Greenbank will be renamed the Sanderson Design Group as part of a wider strategic improvement programme. Noting a solid start to H2 so far, management’s messaging is rightly still cautious about the market outlook but it is encouraging to see the combination of close operational control and strategic improvement are running in parallel.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.
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