Portmeirion Group PLC - Stoke-on-Trent, England-based pottery maker - Says it is on track to deliver a robust sales performance for the fist half of 2023, in line with that seen in the comparative 2022 period. For the first half of 2022, revenue was GBP45.5 million. However, Portmeirion says it has seen "some increased caution from US customers during recent weeks in relation to near term ordering", which it says it will continue to monitor. Expects a heavy second weighting to 2023, and says it is well-positioned for this with a strong Christmas order book. Says it remains positive about the short and long-term prospects for the firm.
Back in March, it reported revenue of GBP110.8 million for 2022, up 4.5% from GBP106.0 million a year earlier. Pretax profit was GBP7.0 million, up 17% from GBP6.0 million.
Current stock price: 455.734 pence each, down 10% on Tuesday morning in London
12-month change: up 3.6%
By Xindi Wei, Alliance News reporter
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Portmeirion (PMP)