Portmeirion forecasts bumper profit year

Shares in Portmeirion Group rose 11.5% after the group forecast today that pre-tax profits for the year to December 31 would be “significantly ahead” of market expectations.

Portmeirion forecasts bumper profit year

Group revenue for the six months to June 30 rose 24% over last year, and continued to be substantially up on last year in the second half. Better performances came, in particular, from South Korea, Canada and the US.

The group said that global sales of its Spode and Royal Worcester brands are over 40% higher than those of last year and are now worth in excess of £12m. Next year, the company will also be launching a collection of Royal Worcester items to commemorate the royal wedding on April 29.

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