Portmeirion Group PLC AGM Trading Statement (6597Z)
25 Mayo 2021 - 1:00AM
UK Regulatory
TIDMPMP
RNS Number : 6597Z
Portmeirion Group PLC
25 May 2021
25 May 2021
Portmeirion Group PLC (the 'Group')
AGM Trading Statement
Sales 50% up year-on-year
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, announces
the following trading update ahead of its Annual General Meeting to
be held today at 12:00 noon.
We are delighted to report that we have had an excellent start
to the year. Our sales for the first four months of the year (to 30
April 2021) have increased by more than 50% on the same period in
2020. On a like-for-like basis, our sales for this period are
slightly ahead of pre-Covid levels achieved in the same period in
2019.
Mike Raybould, Chief Executive, said:
"Despite some ongoing Covid-related disruptions to our sales
markets and supply chains in the first part of 2021, we are
delighted to see the benefits of continued sales momentum and of
our strategic programmes starting to feed through to our
trading.
Our sales are traditionally weighted seasonally to the second
half. However we are pleased to see our strong finish to 2020
continue through to the start of 2021. We have developed a pipeline
of exciting new products that launch during 2021 which, together
with our ongoing investments behind our digital infrastructure and
operational capabilities, means we are confident about the
opportunities to grow our brands around the world. "
Notes: This announcement contains inside information for the
purposes of Article 7 of Regulation (EU) No 596/2014.
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
N+1 Singer +44 (0) 207 496
(Joint Broker): 3000
Peter Steel / Sebastian Corporate Finance
Burke
Rachel Hayes Corporate Broking
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END
AGMPPUMPAUPGPPC
(END) Dow Jones Newswires
May 25, 2021 02:00 ET (06:00 GMT)
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