Final Results

Portmeirion Group PLC
19 March 2001

                            PORTMEIRION GROUP PLC

           PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2000

HIGHLIGHTS
                                        2000            1999           Increase
                                      £000's         £'000's                  %

Turnover                              30,727          27,469               11.9
Profit before tax                      3,351           2,823               18.7
Earnings per share                    22.19p          18.50p               19.9
Dividends per share                   13.25p          13.25p                  -


CHAIRMAN'S STATEMENT

Sales for the year were £30.727m, an 11.9% growth over the previous year.

The profit before tax of £3.351m, compares with £2.823m the previous year, an
increase of 18.7%.

Earnings per share were 22.19p. which compares with 18.50p. the previous year.

The Board is recommending a final dividend of 9.95p. bringing the total to
13.25p. for the year. This is unchanged from 1999.


The dividend cover is 1.7.


During 2000, the steady development of the business continued in all
departments. Sales in our two most important markets, the UK and the USA, have
been good, increasing by 20% in the US and some 15% in the UK. We are
concentrating considerable effort on Japan and the Far East, where we believe
we have good prospects. To that end we have formed a wholly owned subsidiary
in Japan. The climate is improving for exports to the European market and we
expect gains there in the current year.


Our product development strategy is now delivering excellent results.
Enhancements to our classic ranges, with the emphasis on the world famous
Botanic Garden and Pomona patterns, has rejuvenated the offer, leading to
significantly improved sales in both the UK and USA. Two new contemporary
collections, Dawn and Dusk, were introduced during the first half of the year.
Both ranges have achieved excellent sales, and enhanced our reputation for
innovative and creative design. Two new collections of tableware and giftware,
Beachcomber and Amabel, have been launched during February 2001. Our
reputation for exciting new products has enabled us to achieve immediate
acceptance and sales with a large number of our retail customers, both in the
home market and overseas. Our product development plans will ensure that we
maintain the momentum that has now been generated.


Our strategy of developing associated homeware and gift product ranges under
the Portmeirion brand is paying handsome dividends. Sales of glassware and
candles increased significantly. This has enabled us to sell into new retail
outlets, and additional departments within department store groups. This
careful diversification is continuing with textiles and metal products. We
believe the Portmeirion brand can encompass a broadening homeware and gift
range that concentrates on design excellence and quality.


We are continuing to progress our plans for a Visitor Centre. This will
comprise a new high technology factory extension, a tourist and visitor
centre, and additional retail facilities. Subject to a final decision to
proceed, we would anticipate spending some £10m over the next 3 years, of
which £3m will be funded by grants from Government agencies and the E.U. The
process of investment in new plant and the application of 'Lean Thinking'
methods is helping to reduce loss and increase productivity, leading to lower
costs and better service to customers.


We now have a strong management team, led by the Chief Executive, Kami
Farhadi, and we have added to the executive management team where new skills
were required. Given the pace of change and development in the Group,
investment in management expertise will continue to be a priority. We have
further strengthened the Board of Directors to meet the challenges before us,
by appointing Janis Kong as a Non-Executive Director. She is currently
Managing Director of Gatwick Airport, part of BAA plc, and has wide business
experience. Euan Cooper-Willis, our previous Chairman, continues to make a
very valuable contribution in the role of Non-Executive Director and
consultant.


I believe we now have the corporate strategy and the management team to meet
our aspirations for the growth and development of the Company.


I would like to thank all our employees for their contribution during last
year.


Arthur Ralley

Chairman

16 March 2001



For further information please contact:

Kami Farhadi, Chief Executive

Arthur Ralley, Chairman

Tel: [phone]



                            PORTMEIRION GROUP PLC

                     CONSOLIDATED PROFIT AND LOSS ACCOUNT

                    For the year ended 31st December 2000

                                              Notes      2000              1999
                                                       £000's            £000's

Turnover - continuing operations                       30,727            27,469
Raw materials and operating costs                    (27,958)          (25,110)
Operating profit - continuing operations                2,769             2,359
Share of profit of associated undertakings                254               133
Interest receivable and similar income                    328               332
Interest payable and similar charges                        -               (1)
Profit on ordinary activities before taxation           3,351             2,823
Taxation on profit on ordinary activities       1     (1,046)             (901)
Profit on ordinary activities after taxation
being the profit for the financial year                 2,305             1,922
Dividends                                             (1,377)           (1,377)
Retained profit for the financial year                    928               545
Earnings per share                                     22.19p            18.50p
Diluted earnings per share                             22.17p            18.49p
Dividends per share                             2      13.25p            13.25p





                            PORTMEIRION GROUP PLC

                          CONSOLIDATED BALANCE SHEET

                           As at 31st December 2000

                                                     2000            1999
                                                 £000's  £000's  £000's  £000's
Fixed assets
Tangible assets                                           9,119           9,441
Investments                                               1,262           1,088
                                                         10,381          10,529
Current assets
Stocks                                            6,574           6,176
Debtors                                           5,978           4,443
Cash at bank and in hand                          7,138           7,573
                                                 19,690          18,192
Creditors: amounts falling due within one year  (4,950)         (4,609)
Net current assets                                       14,740          13,583
Net assets                                               25,121          24,112
Capital and reserves
Called up share capital                                     519             519
Share premium account                                     4,536           4,536
Profit and loss account                                  20,066          19,057
Equity shareholders' funds                               25,121          24,112



                            PORTMEIRION GROUP PLC

                       CONSOLIDATED CASH FLOW STATEMENT

                    For the year ended 31st December 2000

                                                             2000          1999
                                                           £000's        £000's

Cash flow from operating activities                         2,255         2,435
Dividends received from associates                            118           160
Returns on investments and servicing of finance               315           327
Taxation                                                    (826)         (903)
Capital expenditure and financial investment                (920)       (1,271)
Equity dividends paid                                     (1,377)       (1,377)
Cash outflow before use of liquid resources and financing   (435)         (629)
Management of liquid resources                            (1,125)       (4,513)
Decrease in cash in the year                              (1,560)       (5,142)



Reconciliation of net cash flow to movement in net funds
                                                           2000            1999
                                                         £000's          £000's

Decrease in cash in the year                            (1,560)         (5,142)
Cash outflow from increase in liquid resources            1,125           4,513
Net funds at 1st January                                  7,573           8,202
Net funds at 31st December                                7,138           7,573




Reconciliation of operating profit to operating cash flows
                                                           2000            1999
                                                         £000's          £000's

Operating profit                                          2,769           2,359
Depreciation                                              1,234           1,182
Exchange gain                                                66              75
(Profit)/Loss on sale of tangible fixed assets             (25)              39
Increase in stocks                                        (398)           (872)
Increase in debtors                                     (1,525)           (213)
Increase/(Decrease) in creditors                            134           (135)
Net cash inflow from operating activities                 2,255           2,435

All of the above relate to continuing operations.



Notes:

1.  Taxation on profit on ordinary activities             2000             1999
                                                       £'000's          £'000's

    United Kingdom corporation tax                         983              657
    Overseas taxation                                      165               91
    Associated undertakings                                 95               44
    Deferred Taxation                                    (116)              156
    Adjustment in respect of prior years
       Corporation tax                                    (55)              (2)
       Other                                              (26)             (45)
       
                                                         1,046              901

        2.   The Directors propose the payment of a final dividend of 9.95p
        (1999 - 9.95p) per Ordinary share on 1st June 2001 to shareholders
        registered on 11th May 2001.

        3.     The Company's Report and Accounts for 2000 will be posted to
        shareholders in April. The Annual General Meeting will be held on 25th
        May 2001.

        4.     The financial information set out above does not constitute the
        Company's statutory accounts for the years ended 31st December 2000
        and 1999 but is derived from those accounts. Statutory accounts for
        1999 have been delivered to the Registrar of Companies, contain an
        unqualified audit opinion and did not contain a statement under
        Section 237(2) or (3) of the Companies Act 1985. Statutory accounts
        for the year ended 31st December 2000 on which the auditors have given
        an unqualified opinion will be delivered to the Registrar of Companies
        in due course. This announcement was approved by the Board of
        Directors on 16th March 2001.