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12 Jul 2018 07:00
12 July 2018
Portmeirion Group PLC
(the "Company" and 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 11% for the six months ended 30 June 2018 relative to the same period last year. On a constant currency basis, total Group sales are 15% up on last year.
We are delighted with the positive start to the year with strong progress in both our ceramic and home fragrance divisions. With the seasonal weighting of our business, trading in the second half of the year remains important to the Group. We remain confident that we will achieve profits for the full year in line with market expectations.
Interim results for the six months ended 30 June 2018 will be announced on 2 August 2018.
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
Hudson Sandler:
Dan de Belder +44 (0) 207 796 4133 ddebelder@hudsonsandler.com
Nick Moore nmoore@hudsonsandler.com
Panmure Gordon:
(Nominated Adviser and Broker): +44 (0) 207 886 2500
Freddy Crossley/ Ryan McCarthy Corporate Finance
James Stearns Corporate Broking
Cantor Fitzgerald Europe:
(Joint Broker): +44 (0) 207 894 7000
Catherine Leftley /Marc Milmo Corporate Finance
Alex Pollen Sales
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