Portmeirion Group PLC Capital Markets Day (4597A)
02 Febrero 2022 - 4:59AM
UK Regulatory
TIDMPMP
RNS Number : 4597A
Portmeirion Group PLC
02 February 2022
2 February 2022
Portmeirion Group PLC
("Portmeirion Group" or the "Group")
Capital Markets Day
Portmeirion Group PLC, the designer, manufacturer and worldwide
distributor of high quality homewares under the Portmeirion, Spode,
Royal Worcester, Pimpernel, Wax Lyrical and Nambé brands, is today
hosting a Capital Markets Day for Institutional Investors at its
headquarters in Stoke-on-Trent.
Further to the FY21 trading update released on 12 January 2022,
reporting record sales performance of at least GBP104 million, the
Group's management team are delighted to welcome investors and
provide updates on a number of key areas of strategy.
The Group's strategy is focused on growing and leveraging its
six consumer homeware brands by widening its potential consumer
base through:
-- Developing online sales channels
-- Building significant new geographic sales markets
-- New products - for core and new categories.
The presentations will expand on some of these areas whilst
giving investors the opportunity to meet many of the extended
senior leadership team.
As reported in our FY21 trading update, we have continued to see
strong growth in our online sales channels. Sales from our own
websites in the UK & US were up 16% on the prior year and up
81% on a two year basis. Building a direct relationship with our
end customers is a key opportunity for future growth and the
Group's websites have added over 200,000 new customers since 2019,
an increase of more than 100%.
The Group is focused on building and leveraging its brands more
effectively across the world. Progress in FY21 includes YO2Y growth
of 32% for the Spode brand, driven by growth from both heritage
ranges and new launches.
Following the acquisition of the Nambé brand in 2019, the Group
increased its exposure to the key US market. Continued strong
progress resulted in a record sales year for the US market, with
sales up significantly on both a YOY and YO2Y basis.
Presentation materials will be available on the Portmeirion
Group website after the event at
www.portmeiriongroup.com/investors/reports-and-presentations.
Mike Raybould, Chief Executive, said:
"Following two years of the pandemic, we are delighted to be
welcoming our investors to our headquarters in Stoke-on-Trent, the
home of UK ceramics. Portmeirion Group is on a journey as we
continue to execute on our long-term growth strategy, underpinned
by an increasingly digital business, worldwide product appeal and a
team of exceptional talent driving the company forward on a daily
basis. I, alongside our leadership team, look forward to presenting
our strategic progress to date and updating on the exciting
opportunities that lie ahead for our business".
We expect to announce the Group's preliminary results for the
year ended 31 December 2021 on 17 March 2022.
Enquiries:-
Portmeirion Group PLC:
Mike Raybould +44 (0) 1782 mraybould@portmeiriongroup.com
743443
Chief Executive
David Sproston +44 (0) 1782 dsproston@portmeiriongroup.com
743443
Group Finance Director
Hudson Sandler:
Dan de Belder +44 (0) 207 796 ddebelder@hudsonsandler.com
4133
Nick Moore nmoore@hudsonsandler.com
Panmure Gordon
(Nominated Adviser and +44 (0) 207 886
Broker): 2500
Freddy Crossley Corporate Finance
Rupert Dearden Corporate Broking
Singer Capital Markets +44 (0) 207 496
(Joint Broker): 3000
Peter Steel Investment Banking
Rachel Hayes
https://www.portmeiriongroup.com/
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END
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February 02, 2022 05:59 ET (10:59 GMT)
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