Capital Markets Day

RNS Number : 4597A

Portmeirion Group PLC

02 February 2022

 

2 February 2022

Portmeirion Group PLC

("Portmeirion Group" or the "Group")

Capital Markets Day

Portmeirion Group PLC, the designer, manufacturer and worldwide distributor of high quality homewares under the Portmeirion, Spode, Royal Worcester, Pimpernel, Wax Lyrical and Nambé brands, is today hosting a Capital Markets Day for Institutional Investors at its headquarters in Stoke-on-Trent.

Further to the FY21 trading update released on 12 January 2022, reporting record sales performance of at least £104 million, the Group's management team are delighted to welcome investors and provide updates on a number of key areas of strategy.

The Group's strategy is focused on growing and leveraging its six consumer homeware brands by widening its potential consumer base through:

· Developing online sales channels

· Building significant new geographic sales markets

· New products - for core and new categories.

The presentations will expand on some of these areas whilst giving investors the opportunity to meet many of the extended senior leadership team.

As reported in our FY21 trading update, we have continued to see strong growth in our online sales channels. Sales from our own websites in the UK & US were up 16% on the prior year and up 81% on a two year basis. Building a direct relationship with our end customers is a key opportunity for future growth and the Group's websites have added over 200,000 new customers since 2019, an increase of more than 100%.

The Group is focused on building and leveraging its brands more effectively across the world. Progress in FY21 includes YO2Y growth of 32% for the Spode brand, driven by growth from both heritage ranges and new launches.

Following the acquisition of the Nambé brand in 2019, the Group increased its exposure to the key US market. Continued strong progress resulted in a record sales year for the US market, with sales up significantly on both a YOY and YO2Y basis.

Presentation materials will be available on the Portmeirion Group website after the event at www.portmeiriongroup.com/investors/reports-and-presentations.

Mike Raybould, Chief Executive, said:

"Following two years of the pandemic, we are delighted to be welcoming our investors to our headquarters in Stoke-on-Trent, the home of UK ceramics. Portmeirion Group is on a journey as we continue to execute on our long-term growth strategy, underpinned by an increasingly digital business, worldwide product appeal and a team of exceptional talent driving the company forward on a daily basis. I, alongside our leadership team, look forward to presenting our strategic progress to date and updating on the exciting opportunities that lie ahead for our business".

We expect to announce the Group's preliminary results for the year ended 31 December 2021 on 17 March 2022.

Enquiries:-

Portmeirion Group PLC:
Mike Raybould	[phone]	[e-mail]
Chief Executive David Sproston	[phone]	[e-mail]
Group Finance Director
Hudson Sandler:
Dan de Belder	[phone]	[e-mail]
Nick Moore		[e-mail]
Panmure Gordon (Nominated Adviser and Broker):	[phone]
Freddy Crossley	Corporate Finance
Rupert Dearden	Corporate Broking

Singer Capital Markets (Joint Broker):	[phone]
Peter Steel	Investment Banking
Rachel Hayes

https://www.portmeiriongroup.com/  

 

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