Brief: Portmeirion Group Expects 2024 To Be A Challenging Year Due To Ongoing Macro Uncertainty

Portmeirion

17/01/2024 07:41

Jan 17 (Reuters) - Portmeirion Group PLC  PMGR.L :
    * PORTMEIRION GROUP  - FY23 TRADING UPDATE
    * PORTMEIRION GROUP PLC - GOOD CHRISTMAS TRADING PERIOD AND
FULL
YEAR PERFORMANCE IN LINE WITH MARKET EXPECTATIONS
    * PORTMEIRION GROUP PLC - EXPECT FY23 PROFIT BEFORE TAXATION
TO BE
IN LINE WITH UNDERLYING CONSENSUS MARKET EXPECTATIONS
    * PORTMEIRION GROUP PLC - SALES IN NORTH AMERICA AND SOUTH
KOREA
DOWN YOY DUE TO WEAKER CONSUMER SENTIMENT AND DE-STOCKING BY
RETAIL CUSTOMERS
    * PORTMEIRION GROUP PLC - EXPECT SALES TO RETURN TO GROWTH
IN 2024
YOY ALONGSIDE HEALTHY OPERATING MARGIN IMPROVEMENT COMPARED TO
2023
    * PORTMEIRION GROUP PLC - EXPECT 2024 TO BE A CHALLENGING
YEAR DUE
TO ONGOING MACRO UNCERTAINTY

Source text for Eikon:  ID:nRSQ9139Za 
Further company coverage:  PMGR.L 

 (Reuters.Briefs@thomsonreuters.com)