Luxury interior furnishings group Walker Greenbank said it expects pre-tax profits for the year to be ahead of the top end of analyst forecasts, following a good first half performance.
The group, which designs and manufactures fabrics, wallpapers and furnishings and whose brands include Sanderson and Morris & Co, said group sales are expected to rise 2.3% on the previous year at £75.7m.
Brand revenue is expected to be up 2.5%, following a robust overall performance and strong growth in certain international markets including the US, where brand sales were up 17.6% or 16.7% at constant currency.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Licence income, which reflects the brands' use in lifestyle products such as bedlinen, rugs, tableware, lighting and stationery, is expected to be up 17%.
Walker Greenbank said its manufacturing operations also performed well, boosted by growth in international markets.
CJ
