Last checked at 7 Jul 2017 07:00
7 July 2017
Portmeirion Group PLC ('the Group')
Trading Update
Portmeirion, the manufacturer and worldwide distributor of high quality homewares under the Portmeirion, Spode, Wax Lyrical, Royal Worcester and Pimpernel brands, updates on trading for the first half of the current year.
The Group is pleased to announce that total Group sales are up 16% for the six months ended 30 June 2017 relative to the same period last year, although 2016 only included two months of Wax Lyrical sales from its acquisition in May 2016. Excluding sales from Wax Lyrical, on a translated currency basis total Group sales are 3% ahead of last year and on a constant currency basis, excluding Wax Lyrical, total Group sales are 1.9% down on last year.
In light of this, we continue to expect profit before tax to be in line with market expectations for the full year.
Interim results for the six months ended 30 June 2017 will be announced on 3 August 2017.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR).
ENQUIRIES:
Portmeirion Group PLC: | ||
Dick Steele | +44 (0) 1782 744 721 | steele_clan@msn.com |
Non-executive Chairman Mike Raybould |
+44 (0) 1782 744 721 |
mraybould@portmeiriongroup.com |
Group Finance Director
| ||
Bell Pottinger: | ||
Dan de Belder | +44 (0) 203 772 2561 | ddebelder@bellpottinger.com |
Robert McGowan Stuart | +44 (0) 203 772 2553 r | rmcgowanstuart@bellpottinger.com |
Panmure Gordon (Nominated Adviser and Broker): |
+44 (0) 207 886 2500 | |
Freddy Crossley/ Duncan Monteith | Corporate Finance | |
Tom Salvesen | Corporate Broking |
Cantor Fitzgerald Europe (Joint Broker): |
+44 (0) 207 894 7000 | |
Catherine Leftley /Marc Milmo | Corporate Finance | |
Mark Westcott | Sales |