Source - Alliance News

Portmeirion PLC - Stoke-on-Trent, England-based pottery maker - Posts revenue of £110.8 million for 2022, up 4.5% from £106.0 million in 2021. Says Christmas and Thanksgiving trading period has seen strong demand across its portfolio of consumer goods brands. Pretax profit is £7.0 million, up 17% from £6.0 million as basic earnings per share grow to 40.39 pence from 23.58p a year earlier. Earnings before interest, tax, depreciation and amortisation amounts to £12.1 million, up from £10.7 million. Declares a final dividend of 12.00 pence per share, down from 13.00p a year prior. However, total dividend for 2022 is 15.50p per share, up 19% from 13.00p a year prior.

Looking ahead, says trading in the first few months of 2023 is in line with expectations and that its forward order books remain healthy. It also sees an encouraging customer outlook.

Chief Executive Mike Raybould says: ‘I am delighted that our brands continue to resonate so well with customers around the world despite the tougher economic backdrop. We have benefited from our diversified, global sales geography with 75% of sales now outside of the UK.’

Current stock price: 379.17 pence each, up 7.6% on Thursday around midday in London

12-month change: down 38%

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Portmeirion Group PLC (PMP)

-3.34p (-1.39%)
delayed 08:36AM