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Portmeirion Group
- BY: Andrew Hore |
- POSTED: 04/12/2008 |
Portmeirion Group are trending downwards in the second half and its 2008 profit will be below expectations.
The Stoke-on-Trent-based tableware and giftware producer grew revenues by 5.6% in the first half of 2008 but the growth slowed to 1.3% in the 11 months to November 2008. US sales have fallen by 13%, while UK revenues have risen 10%. Overall revenues are below budget.
The shares fell 20p to 102.5p a share, which values Portmeirion at £10.2m.
Full year figures will be released in late March 2009.
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