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Portmeirion RNS Release

AGM Statement


RNS Number : 6560Y
Portmeirion Group PLC
19 May 2016
 

 

 

 

 

 

19 May 2016

 

Portmeirion Group PLC ('the Company')

 

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:

 

"Our two largest markets, the US and the UK have performed better than during the same period last year but sales to South Korea have not recovered as we had expected. As a result total sales for the four months to the end of April were 2% below the corresponding period last year. We have also experienced an unexpected decrease in demand from some of our other Asian markets. However, we do not believe that this is a permanent trend.

We are taking action in response to the decrease in demand and we are confident that this, combined with our recent acquisition of Wax Lyrical, will provide overall growth for the Group this year. Consequently, we expect profit before tax to be in line with market expectations for the full year."

 

 

 

 

 

Enquiries:

Portmeirion Group PLC:
Dick Steele                                         +44 (0) 1782 744721           [email protected]

Non-executive Chairman                     
Brett Phillips,                                      +44 (0) 1782 744721         
   [email protected]

Group Finance Director

 

                                                        

Bell Pottinger:

Dan de Belder                                    +44 (0) 203 772 2561         [email protected]

Saskia Lumley                                     +44 (0) 203 772 2593          slumley@bellpottinger.com

 

 

Panmure Gordon                               +44 (0) 207 886 2500

(Nominated Adviser and Broker):

Freddy Crossley/ Duncan Monteith                                              Corporate Finance

Tom Salvesen                                                                               Corporate Broking                   

 

 

Cantor Fitzgerald Europe                   +44 (0) 207 894 7000

(Joint Broker):

Catherine Leftley/Marc Milmo                                                      Corporate Finance

David Banks                                                                                  Sales

 

 


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