Portmeirion Group reveals record growth

Portmeirion Group has announced its preliminary results for the year ended 31 December 2018, with the company enjoying its tenth consecutive year of record Group revenue, which increased by 5.7% to £89.6 million (2017: £84.8 million).

There was strong progress across the key markets of the UK, the US and South Korea. The home fragrance division (acquired in 2016) delivered sales growth of 11.1%, while online sales grew 24.4% over the prior year.

Successful new product launches included Sara Miller London, Portmeirion and line extensions in Portmeirion Botanic Garden and Royal Worcester Wrendale Designs.

Above: Sara Miller London’s new Tahiti design.
Above: Sara Miller London’s new Tahiti design.

“We are delighted to be reporting a tenth consecutive year of record revenue and another record profit before taxation,” commented non-executive chairman Dick Steele.

“Our strategy and core values remain unchanged. We are focused on driving profitable sales growth through new product introduction, developing our markets, investing behind our brands and enhancing our operational capabilities and efficiency supported with complementary strategic acquisitions. We look forward into 2019 with confidence and, at this very early stage of the year, expect trading to be in line with expectations for the full year.”

Earlier this year, the company launched three new UK manufactured ranges: Portmeirion Botanic Garden Harmony, Portmeirion Atrium and Spode Kingsley.

Angela Luger was appointed as a non-executive director on March 1 2019.

 

Top: Portmeirion Group’s HQ in Stoke-on-Trent.

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