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SOFT FURNISHINGS group Walker Greenbank Plc said revenue rose 5.2 percent in the year to end January, aided by acquisitions and the weaker pound inflating U.S denominated sales.


In a full year trading update ahead of the release of its 2016–17 results, the luxury interiors furnishings group said performance was in line with expectations and boosted by the October 2016 acquisition of Clarke & Clarke (see related).


That contributed £7.3 million of its expected £92.4 million turnover for the year. Excluding Clarke & Clarke, sales fell 3.1 percent.


U.K. brand sales were down 4.1 percent with U.S. brand sales down 5.2 percent in local currencies. Sterling’s fall in value since June meant that drop in sales improved to an 8.3 percent climb in reportable currency.


Its results will show the impact of the December 2015 flood at its Standfast and Barracks fabric printing business was partly mitigated by the receipt of £15.3 million — so far —in insurance payments related to asset damage and loss of profits.


Walker Greenbank, owner of brands including Sanderson, Morris & Co, Harlequin, Zoffany, Scion and Anthology, will announce its results for the year to end January 2017 on 26th April.


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