Walker Greenbank increases its 2018 final dividend by 20.3%

DividendMax Ltd.

Walker Greenbank increases its 2018 final dividend by 20.3%

Walker Greenbank 2018 final results

Sales up 17.7% to £108.8 million (2017: £92.4 million)  

Total statutory profit from operations up 78.6% to £14.0 million (2017: £7.9 million) due to a full year's earnings contribution from Clarke & Clarke

Adjusted underlying profit before tax up 20.2% at £12.5 million (2017: £10.4 million)

Licensing income up 21.6% in constant currency at £3.1 million as a result of range extensions into new product categories

Underlying profit from operations up 25.8% to £12.4 million (2017: £9.8 million)

Adjusted earnings per share up 6.2% at 14.52p per share (2017: 13.67p per share)

Final dividend up 20.3% to 3.68p per share (2017: 3.06p per share), giving a total dividend up 21.1% at 4.37p per share (2017: 3.61p per share)

Launch of in-house paint tinting and distribution for our Sanderson and Zoffany brands in partnership with global paint manufacturer PPG

Direct business model launched in Moscow in February 2018, including a new showroom, with Germany to follow in H1 2018

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