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Portmeirion RNS Release

AGM Statement


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 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]




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
 
END
 
 
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