Royal Worcester and Spode boost Portmeirion profits

Portmeirion achieved a 31% hike in pre-tax profits in the half year to June 2009.

Royal Worcester and Spode boost Portmeirion profits

They rose from £406,000 to £532,000, while overall turnover was up 10.9% to £17m. In the UK the company pushed sales up by 13%.

Portmeirion said its acquisition of the Royal Worcester and Spode brands in April had played a significant part in the positive results, increasing volume by 10%.

The company paid £3.2m for the brands after Royal Worcester & Spode went into administration last November. The deal brought successful designs such as Evesham, Blue Italian and Christmas Tree into the Portmeirion portfolio, and the company said at the time that sales of the additional products would be worth around £7m this year.

Portmeirion is now making some Spode products in Stoke-on-Trent, and is hoping to reintroduce more of the two brands’ historic patterns.

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