Pre-close trading update

    RNS Number : 4165K
  Walker (Thomas) PLC
  19 December 2008
   

    Date: 19th December 2008
    Embargoed: 7.00am
    Thomas Walker plc
    ("Thomas Walker" or "the Company")

    Pre-close trading update


    Thomas Walker PLC is today providing an update on current trading to shareholders, before entering into its closed period ahead of the
results announcement for the half year ending 31st December 2008.

    Conditions in the wider economic environment have been very difficult, with low confidence and lack of available credit hampering
business and consumer spending. The Group's operations have not been immune from these issues which, combined with the effects of falling
Sterling, have had a major effect on the overall first half performance.

    However, clothing accessories and I.D. products within Thomas Walker UK Ltd and Thomas Walker SEA Ltd have achieved a satisfactory first
half year with sales holding up well, although profitability has been adversely impacted by the weakness of Sterling. 

    TW Stampings Ltd has been more affected by the economic slowdown in the short term with reduced order intake and a slow build up from
new customers and products. In light of this environment, the Board has decided to delay the proposed investment in new CNC machining
capacity. As a short term measure existing plant has been re-tasked to carry out the work on new products, for which some orders have
already been received and for which the new plant is ultimately intended.

    In the last few weeks new TW Stampings Ltd business has started to come through and at the close of the first half TW Stampings Ltd
orders stand at �978,000 (2007: �687,000); this new business will have no effect on the first half but will impact the second half of this
financial year and the following year.


 Enquiries:
 Bill Good, Group Managing Director                                           
 Mobile: 07790 742 316                                   Katie Dale
 John Lomer, Group Finance Director  Colin Smith         Tel: 0121 384 9743 
 Mobile: 07778 889 977               Tel: 0121 423 8940  Mobile: 07918 716 754
 Thomas Walker plc                   Arden Partners plc  Golley Slater



This information is provided by RNS
The company news service from the London Stock Exchange
 
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