Portmeirion Group (PMP)

 

LSE:PMP: Trading Statement

Portmeirion Group

07 Jul 2017 07:00:03

Portmeirion Group

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 744 721

[email protected]

Non-executive Chairman

Mike Raybould

 

+44 (0) 1782 744 721

 

[email protected]

Group Finance Director

 



Bell Pottinger:



Dan de Belder

+44 (0) 203 772 2561

[email protected]

Robert McGowan Stuart

+44 (0) 203 772 2553   r

[email protected]

 

Panmure Gordon

(Nominated Adviser and Broker):

 

+44 (0) 207 886 2500


Freddy Crossley/ Duncan Monteith

Corporate Finance


Tom Salvesen

Corporate Broking


 

Cantor Fitzgerald Europe

(Joint Broker):

 

+44 (0) 207 894 7000


Catherine Leftley /Marc Milmo

Corporate Finance


Mark Westcott

Sales


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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