Trading Update

RNS Number : 3481U

Portmeirion Group PLC

12 July 2018

 

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                                         [phone]     [e-mail]

Non-executive Chairman

Mike Raybould                                   [phone]     [e-mail]

Group Finance Director

Hudson Sandler:

Dan de Belder                                    [phone]     [e-mail]

Nick Moore                                                                                [e-mail]

Panmure Gordon:

(Nominated Adviser and Broker):     [phone]

Freddy Crossley/ Ryan McCarthy     Corporate Finance

James Stearns                                     Corporate Broking

Cantor Fitzgerald Europe:

(Joint Broker):                                     [phone]

Catherine Leftley /Marc Milmo        Corporate Finance

Alex Pollen                                           Sales

 

END

 

 

TSTUASORWVABAAR