Portmeirion predicts fourth year of record sales

Portmeirion Group says it expects revenues for 2012 to top £55m, some 3% above last year.

Portmeirion predicts fourth year of record sales

The company, which enjoyed strong trading through December, said in a trading update that it also expects pre-tax profit for the year to December 31 2012 to be in line with market expectations. Full results will be announced on March 21.

“It’s very gratifying to achieve record sales for the fourth consecutive year despite the continuing difficult economic conditions in most of our major markets,” commented managing director Michael Haynes.

“The UK and South Korean markets continued to perform well. However, revenues in the US were affected by a number of adverse factors, including Superstorm Sandy, which has resulted in US sales being below last year.”

He went on: “Our established strategy of imaginative and innovative product design, maintaining superior product quality, a powerful international sales team and financial prudence continues to serve us well. In particular, our diversity of export markets has enabled us to balance harsh conditions in the US with opportunities elsewhere in the world.”

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