'Excellent' performance from Portmeirion in first half

Firm sees UK revenue grow by 12.9 per cent, with reported revenues of £17.0m.
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Potteries specialist Portmeirion has reported its interim results for the six months ending June 30th.

The firm said that it put in an 'excellent performance' in a difficult trading environment. Revenues for the period stood at £17.0 million, up by 10.9 per cent on the comparative period of 2008 (£15.3 million).

Profit before tax stood at £532,000 - up by 31.0 per cent (2008: £406,00).

The firm's acquisition of Spode and Royal Worcester brands provided it with a solid opportunity for growth. UK revenue, for example, grew by 12.9 per cent, while Korean revenue improved by 31.2 per cent during the period.

The purchase also enables some ceramic manufacture to return to the UK.

Portmeirion also carries a range of licensed properties including The Very Hungry Caterpillar, Juicy Lucy and The Snowman.

"We are pleased with these results," said non executive chairman Dick Steele. "Buying the Spode and Royal Worcester brands is the most significant event at Portmeirion for many years, giving us the opportunity to grow to be a significantly larger company.

"Our order books are extremely healthy. We are committed to good design and high quality. We look forward with confidence."


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