PMP Portmeirion Group Plc

TIDMPMP

RNS Number : 3791K

Portmeirion Group PLC

07 July 2017

7 July 2017

Portmeirion Group PLC ('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 16% for the six months ended 30 June 2017 relative to the same period last year, although 2016 only included two months of Wax Lyrical sales from its acquisition in May 2016. Excluding sales from Wax Lyrical, on a translated currency basis total Group sales are 3% ahead of last year and on a constant currency basis, excluding Wax Lyrical, total Group sales are 1.9% down on last year.

In light of this, we continue to expect profit before tax to be in line with market expectations for the full year.

Interim results for the six months ended 30 June 2017 will be announced on 3 August 2017.

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 
 Robert McGowan Stuart     +44 (0) 203      rmcgowanstuart@bellpottinger.com 
                            772 2553 r 
 
   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

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