AGM Statement

RNS Number : 2444G

Portmeirion Group PLC

25 May 2017

 

25 May 2017

Portmeirion Group PLC

 (the "Company" and the "Group")

AGM Statement

At the Company's Annual General Meeting to be held today at 12.00 noon, the Non-Executive Chairman, Dick Steele, will make the following statement:

"Total Group sales are up 26% for the four months ended 30 April 2017 relative to the same period last year.  Excluding sales from Wax Lyrical which we acquired in May last year, on a translated currency basis total Group sales are comfortably ahead of last year and on a constant currency basis excluding Wax Lyrical our sales are level with last year.  Given the pleasing performance of the Company to April 2017, we continue to expect profit before tax to be in line with market expectations for the full year.

I am further pleased to confirm that Mike Raybould, our Group Finance Director, will join the Board of the Company with effect from 26 May 2017.  As announced on 25 April 2017, Mike has been in the business since 19 April 2017 and is already making a significant positive contribution."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR).

ENQUIRIES:

Portmeirion Group PLC:
Dick Steele	[phone]	[e-mail]
Non-executive Chairman Mike Raybould	[phone]	[e-mail]
Group Finance Director
Bell Pottinger:
Dan de Belder	[phone]	[e-mail]
Panmure Gordon (Nominated Adviser and Broker):	[phone]
Freddy Crossley/ Duncan Monteith	Corporate Finance
Tom Salvesen	Corporate Broking

Cantor Fitzgerald Europe (Joint Broker):	[phone]
Catherine Leftley /Marc Milmo	Corporate Finance
Mark Westcott	Sales

 

END

 

 

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