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Portmeirion Group PLC - Stoke-on-Trent, England-based pottery maker - Says it is on track to deliver a robust sales performance for the fist half of 2023, in line with that seen in the comparative 2022 period. For the first half of 2022, revenue was £45.5 million. However, Portmeirion says it has seen ‘some increased caution from US customers during recent weeks in relation to near term ordering’, which it says it will continue to monitor. Expects a heavy second weighting to 2023, and says it is well-positioned for this with a strong Christmas order book. Says it remains positive about the short and long-term prospects for the firm.
Back in March, it reported revenue of £110.8 million for 2022, up 4.5% from £106.0 million a year earlier. Pretax profit was £7.0 million, up 17% from £6.0 million.
Current stock price: 455.734 pence each, down 10% on Tuesday morning in London
12-month change: up 3.6%
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