Trading Update

28 Jan 2008 07:00

Portmeirion Group PLC28 January 2008 28 January 2008 Portmeirion Group PLC ("Portmeirion" or the "Group") Pre-close Trading Update The Board of Portmeirion, the AIM traded ceramics manufacturer and worldwide distributor of household goods, today announces a trading update for the year to 31 December 2007, prior to entering its close period. The Group expects to announce its preliminary results for this year on 2 April 2008. The Group traded strongly in 2007. Sales continued to grow and revenue and profits are expected to be in line with management expectations. Dick Steele, Non Executive Chairman commented: "2007 was another year of growth for Portmeirion. This was in part driven by the continued popularity of our well established classic ranges as well as thesuccess of our new ranges such as Sophie Conran and Pimpernel. The Group hascontinued the rationalisation of its UK warehousing facilities and expects thebenefits of this to improve its operational efficiency in the coming years." ENQUIRIES: Portmeirion Dick Steele, Non-executive 01782 744721 Chairman steele_clan@msn.com Brett Phillips, Group Finance 01782 744721 Director bphillips@portmeirion.co.uk Pelham Public Relations Alex Walters 020 31707435 alex.walters@pelhampr.com KBC Peel Hunt Ltd Richard Newman 020 7418 8900(Nominated Adviser and David AndersonBroker) This information is provided by RNS The company news service from the London Stock Exchange