REG - Portmeirion Group - Capital Markets Day

PortmeirionAnnouncement

02/02/2022 11:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220202:nRSB4597Aa&default-theme=true

RNS Number : 4597A  Portmeirion Group PLC  02 February 2022

2 February 2022

Portmeirion Group PLC

("Portmeirion Group" or the "Group")

Capital Markets Day

 

Portmeirion Group PLC, the designer, manufacturer and worldwide distributor of
high quality homewares under the Portmeirion, Spode, Royal Worcester,
Pimpernel, Wax Lyrical and Nambé brands, is today hosting a Capital Markets
Day for Institutional Investors at its headquarters in Stoke-on-Trent.

Further to the FY21 trading update released on 12 January 2022, reporting
record sales performance of at least £104 million, the Group's management
team are delighted to welcome investors and provide updates on a number of key
areas of strategy.

The Group's strategy is focused on growing and leveraging its six consumer
homeware brands by widening its potential consumer base through:

·      Developing online sales channels

·      Building significant new geographic sales markets

·      New products - for core and new categories.

The presentations will expand on some of these areas whilst giving investors
the opportunity to meet many of the extended senior leadership team.

As reported in our FY21 trading update, we have continued to see strong growth
in our online sales channels. Sales from our own websites in the UK & US
were up 16% on the prior year and up 81% on a two year basis. Building a
direct relationship with our end customers is a key opportunity for future
growth and the Group's websites have added over 200,000 new customers since
2019, an increase of more than 100%.

The Group is focused on building and leveraging its brands more effectively
across the world. Progress in FY21 includes YO2Y growth of 32% for the Spode
brand, driven by growth from both heritage ranges and new launches.

Following the acquisition of the Nambé brand in 2019, the Group increased its
exposure to the key US market. Continued strong progress resulted in a record
sales year for the US market, with sales up significantly on both a YOY and
YO2Y basis.

Presentation materials will be available on the Portmeirion Group website
after the event at
www.portmeiriongroup.com/investors/reports-and-presentations.

Mike Raybould, Chief Executive, said:

"Following two years of the pandemic, we are delighted to be welcoming our
investors to our headquarters in Stoke-on-Trent, the home of UK ceramics.
Portmeirion Group is on a journey as we continue to execute on our long-term
growth strategy, underpinned by an increasingly digital business, worldwide
product appeal and a team of exceptional talent driving the company forward on
a daily basis. I, alongside our leadership team, look forward to presenting
our strategic progress to date and updating on the exciting opportunities that
lie ahead for our business".

We expect to announce the Group's preliminary results for the year ended 31
December 2021 on 17 March 2022.

Enquiries:-

 Portmeirion Group PLC:
 Mike Raybould                     +44 (0) 1782 743443    mraybould@portmeiriongroup.com
 Chief Executive

 David Sproston                    +44 (0) 1782 743443    dsproston@portmeiriongroup.com
 Group Finance Director

 Hudson Sandler:
 Dan de Belder                     +44 (0) 207 796 4133   ddebelder@hudsonsandler.com
 Nick Moore                                               nmoore@hudsonsandler.com

 Panmure Gordon

 (Nominated Adviser and Broker):   +44 (0) 207 886 2500
 Freddy Crossley                   Corporate Finance
 Rupert Dearden                    Corporate Broking

 

 Singer Capital Markets

 (Joint Broker):         +44 (0) 207 496 3000
 Peter Steel             Investment Banking
 Rachel Hayes

 

https://www.portmeiriongroup.com/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCGCGDDSBGDGDD