Good RNS12 Jan 2023 11:21
In my opinion, Portmeirion Group PLC appears to be performing well despite the challenging economic environment. The company's strong Christmas trading period and robust demand for its consumer goods brands is a positive indication of the company's overall financial health. Additionally, the CEO's statement that the company's sales footprint is increasingly diversified, with the US as its largest sales market and 75% of sales now outside the UK, and that the company has been successful in navigating supply chain disruption and ongoing effects of the war in Ukraine is a positive indication of the company's ability to adapt to and overcome challenges. The company's focus on long term strategy, such as driving growth through greater customer reach and improving operating margins, is also a positive sign of its forward-thinking approach. However, it's worth noting that the company's outlook for 2023 is cautious due to expected weaker consumer demand, and it's uncertain how the company will perform in the future.