Portmeirion Group H1 sales flat on UK market disruption
Portmeirion Group H1 sales flat on UK market disruption
Overview
UK homeware brands group's H1 2026 sales flat yr/yr at constant currency
Tableware business up 4.1% yr/yr, with strong momentum in US and international markets
Company strengthened balance sheet and completed new leadership team
Outlook
Company maintains FY26 revenue growth guidance of 3-5%, including negative F/X impact
Company expects FY26 adjusted PBT losses to be lower than FY25
Energy costs remain a material headwind, with group hedged to 31 March 2027
Result Drivers
US GROWTH - Double-digit sales growth in the US driven by revised commercial relationships and bringing Amazon business in-house
INTERNATIONAL EXPANSION - International sales up 37.7% aided by new distributors and entry into markets including Türkiye and Malaysia
UK AND SOUTH KOREA WEAKNESS - UK sales down due to market disruption and competitor collapse; South Korea sales fell amid distributor reset
Company press release: ID:nRSb0597Oa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 36.40 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)