Portmeirion Group PLC Trading Update (3481U)
12 July 2018 - 4:00PM
UK Regulatory
TIDMPMP
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 +44 (0) 1782 744 721 steele_clan@msn.com
Non-executive Chairman
Mike Raybould +44 (0) 1782 744 721
mraybould@portmeiriongroup.com
Group Finance Director
Hudson Sandler:
Dan de Belder +44 (0) 207 796 4133
ddebelder@hudsonsandler.com
Nick Moore nmoore@hudsonsandler.com
Panmure Gordon:
(Nominated Adviser and Broker): +44 (0) 207 886 2500
Freddy Crossley/ Ryan McCarthy Corporate Finance
James Stearns Corporate Broking
Cantor Fitzgerald Europe:
(Joint Broker): +44 (0) 207 894 7000
Catherine Leftley /Marc Milmo Corporate Finance
Alex Pollen Sales
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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