20 May 2010 12:37
20 May 2010
Portmeirion Group PLC ('the Company')
AGM Statement
At the Company's Annual General Meeting held today at 12.00 noon the Non-Executive Chairman, Dick Steele made the following statement:
"In our 2009 results statement, which was announced on 23 March 2010, we stated that sales for the first two months of 2010 were 40% higher than for the corresponding period in 2009. I am pleased to confirm that this trend has continued for the four months ended 30 April 2010 and our sales remain 40% higher than the prior period. However, it is important to note that approximately half of this increase is attributable to sales of Spode and Royal Worcester which, due to the timing of the acquisition, did not generate any revenue in the comparable period last year.
Despite the uncertain economic environment, we remain positive on the outlook for the remainder of 2010."
All of the resolutions proposed in the Notice of the Annual General Meeting were duly passed.
ENQUIRIES:
| Portmeirion Group PLC: |
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| Dick Steele Non-executive Chairman | 01782 744721 | steele_clan@msn.com
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| Brett Phillips Group Finance Director | 01782 744721 | bphillips@portmeiriongroup.com
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| Pelham Bell Pottinger: |
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| Dan de Belder Lucy Frankland | 020 7337 1548 | ddebelder@pelhambellpottinger.co.uk lfrankland@pelhambellpottinger.co.uk
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| Seymour Pierce Limited (Nomad): |
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| Christopher Howard | 020 7107 8000 | christopherhoward@seymourpierce.com |
| David Banks |
| davidbanks@seymourpierce.com |
Portmeirion (PMP)