Brief: Portmeirion Group Sees HY Sales To Be £44 Million, Down 3%

Portmeirion

20/07/2023 07:35

July 20 (Reuters) - Portmeirion Group PLC  PMGR.L :
    * PORTMEIRION GROUP  - TRADING UPDATE
    * PORTMEIRION GROUP - SALES FOR FIRST HALF EXPECTED TO BE
£44
MILLION, DOWN 3%
    * PORTMEIRION GROUP PLC - NORTH AMERICAN RETAILER DESTOCKING
DESPITE ROBUST END CONSUMER DEMAND
    * PORTMEIRION GROUP PLC - BALANCE SHEET REMAINS STRONG, HAVE
SUCCESSFULLY REDUCED INVENTORY LEVELS SINCE END OF FY22
    * PORTMEIRION GROUP PLC - EXPECTED TO REDUCE INVENTORY
LEVELS
FURTHER BY END OF FY23

Source text for Eikon:  ID:nRST5779Ga 
Further company coverage:  PMGR.L 

 ((Reuters.Briefs@thomsonreuters.com;))