PMP Portmeirion Group Plc

TIDMPMP

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               +44 (0) 1782     steele_clan@msn.com 
                            744 721 
 Non-executive Chairman 
  Mike Raybould              +44 (0) 1782     mraybould@portmeiriongroup.com 
                             744 721 
 Group Finance Director 
 Bell Pottinger: 
 Dan de Belder             +44 (0) 203      ddebelder@bellpottinger.com 
                            772 2561 
 
 Panmure Gordon 
  (Nominated Adviser         +44 (0) 207 
  and Broker):               886 2500 
 Freddy Crossley/          Corporate 
  Duncan Monteith           Finance 
 Tom Salvesen              Corporate 
                            Broking 
 
 
 Cantor Fitzgerald 
  Europe               +44 (0) 207 
  (Joint Broker):      894 7000 
 Catherine Leftley    Corporate 
  /Marc Milmo          Finance 
 Mark Westcott        Sales 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMAAMMTMBJTBBR

(END) Dow Jones Newswires

May 25, 2017 06:31 ET (10:31 GMT)

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