http://www.portmeiriongroup.com/template-8.php?page=47&current_section=378

Portmeirion Group PLC is a British group based in Stoke-on-Trent and is listed on the Alternative Investment Market of the London Stock Exchange.

A significant force in the homewares industry, the Portmeirion Group, encompasses the Portmeirion, Spode, Royal Worcester and Pimpernel brands. It is a market leader in high quality and innovatively designed tableware, cookware, giftware and tabletop accessories.

The Group employs around 500 staff and has a wholly owned subsidiary in North America, Portmeirion USA, which distributes its product from Connecticut and has a main showroom at 41 Madison Avenue, New York. The Group also has a joint venture in Canada based in Toronto.



In Spode and Royal Worcester, Portmeirion owns two of the world's most renowned ceramics brands. Portmeirion's combination of manufacturing skill and marquee brands has forged an incredibly strong business.

Portmeirion has not cut its dividend to shareholders since 1988. With its most recent results, the company reported a significant (and growing) net cash position.

While the Diamond Jubilee provided a boost to sales that won't be repeated, North America is actually Portmeirion's largest market.

Although eps fell sharply for 2008, Portmeirion has managed an average of 17% compound annual earnings growth rate over the last five years. By the same measure, the dividend has been increasing at a rate of 7% per annum.

The shares trade at 11.5 times last year's earnings and 10.8 times the 2012 forecast. With the dividend yield expected to reach 4.1%, Portmeirion looks like a quality company trading at a reasonable price.

FINANCIAL CALENDAR
Financial Results
Final results announced March
Interim results announced August

Annual General Meeting May

Dividends
Final announced March
Final paid May
Interim announced August
Interim paid October

In IC this week - Portmeirion dips on dumping duty.

60% of Portmeirion's products from earthenware to glassware were imported mainly from China. Then the EU imposed an anti-dumping duty on Chinese-made tableware, ranging up to almost 60%. Initially, Portmeirion thought it could move production elsewhere (to Bangladesh) or to other Chinese factories because the duty is calculated on a factory-by-factory basis. But maintaining quality levels proved more difficult than expected. The upshot is that Portmeirion paid £400,000 of duty in the half year and that accounts for most of the profit fall.
The good news is that a combination of price rises, the main Christmas selling season still to come and a lift in internet sales in the UK and US should mean higher 12 month sales and profits. The importance of the second half cannot be underestimated. Last year it accounted for 59% of sales but 80% of pre-tax profits.
The current period is already benefiting from ''strong'' Christmas orders and good sales of prince George mugs, plates and dishes. Historically the Americas have been Portmeirion's largest market,but in the last six months the region has been overtaken by South Korea. Broker Panmure Gordon forecasts adjusted 2013 pre-tax profits of £7.1m (£6.75m in 2012) which suggests EPS of 51.5p, up from 48.4p.

20 March finals

Sunday Telegraph

Portmeirion, a crockery and glassware maker based in Stoke-on-Trent, is achieving record sales by exporting British designs across the world, manufacturing household names such as Spode and Royal Worcester.

Its floral designs are a hit in Asia, with the South Korean market now contributing a quarter of group sales and increasing by 22 per cent in the past year.

The UK has seen a steady sales increase but they have slowed in the company's largest markets in North America. A stake held by Fortress Financial Holdings has fallen from 28 per cent in 2010 to below 9 per cent.

This could be taken as a sign of a major shareholder selling at the top but it also reduces the risk of retail investors being at the whim of an activist investor.

With this risk removed, the share price should close its near-20 per cent discount to sector peer Churchill China.

Portmeirion makes half its crockery in China and new EU anti-dumping legislation hit it with higher taxes, but this was a small drag and full-year pre-tax profits rose 6.3 per cent to £7million, giving 52.8p in earnings per share.

The company said 2014 trading has started well and market consensus is for earnings per share to rise to 56p for this year. Buy.

Ex dividend -

23 Apr 2014 Portmeirion Group PLC (19 P)

Interim Results

RNS


RNS Number : 7994N

Portmeirion Group PLC

31 July 2014






31 July 2014



PORTMEIRION GROUP PLC

('Portmeirion' or 'the Group')



Interim results for the six months ended 30 June 2014









Portmeirion Group is pleased to announce a strong performance for the six months ended 30 June 2014 in line with market expectations, despite challenging global conditions.



Highlights



· Revenue of £24.5 million up by 3% on the comparative period (2013: £23.8 million).

· Profit before tax up by 42% to £1.2 million (2013: £0.9 million).

· EBITDA up by 21% to £1.9 million (2013: £1.5 million).

· Earnings per share up by 53% to 9.21p (2013: 6.03p).

· Interim dividend increased by 10% to 5.50 pence per share (2013: 5.00 pence per share).

· Sales growth of 7% in UK driven by increase in online sales of more than 50%.

· Production at our Stoke-on-Trent factory continuing at record levels with average of 147,000 pieces per week for H1 (full year 2013: 128,000 pieces per week).

· Strong order book for H2.







Dick Steele, Non-executive Chairman, commented:



"The performance of Portmeirion Group in the first six months of 2014 has been in line with our expectations and we remain confident of the outcome for the full year to 31 December 2014."

Results seem to be hitting the spot!

Ex-Dividend

03 Sep 14 Portmeirion Group PLC [PMP] (5.5 p)

Shares - The Stoke on Trent business will profit from economic strengthening in the US and growing sales online.

Ex-Dividend

03 Sep 14 Portmeirion Group PLC [PMP] (5.5 p)

PORTMEIRION GROUP

19 Jan 2015 07:00:07



Portmeirion Group



RNS Number : 4450C

Portmeirion Group PLC

19 January 2015






19 January 2015







Portmeirion Group PLC ('Portmeirion' or 'the Group')



Trading Update



Portmeirion, the AIM listed manufacturer and worldwide distributor of high quality homewares, is pleased to confirm that, following strong trading through the final quarter of 2014, it expects profit before taxation for the year to 31 December 2014 to be in line with market expectations.



The Group expects to report record revenues for the year ended 31 December 2014 of over £61 million, approximately 5% above last year. This is the sixth consecutive year in which we have achieved record sales.



Demand for the products we make in our UK factory has been particularly strong in 2014 and continues to be so. Consequently, the Board has approved the investment of some £1.5 million in a new kiln and other equipment which will increase the capacity of our UK factory by over 50%. The kiln will be commissioned in the final quarter of 2015.



We expect to announce the Group's preliminary results for the year ended 31 December 2014 on 12 March 2015. The Board remains committed to a progressive dividend policy.



Dick Steele, Non-executive Chairman, said:



"I am delighted with the achievement of another record level of sales. Our confidence in the future of the business is underlined by the additional investment announced today."
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19 Jan Panmure Gordon 1,080.00 Buy

Preliminary results


Highlights:



Financial

· Sixth consecutive year of record Group revenue with growth of 5.3% to £61.4 million (2013: £58.3 million)

· Profit before tax increased 8.6% to a record £7.6 million (2013: £7.0 million)

· Total dividend paid and proposed for 2014 increased by 10.4% to a record 26.50p (2013: 24.00p)

· Revenue growth in key markets of USA, UK and South Korea

· Strong revenue growth of over 25% in other export markets





Operational

· Approved £1.5 million investment in a new kiln and other equipment which will increase manufacturing capacity in the UK by over 50%

· Growth in online revenue of over 70% to £2.0 million (2013: £1.1 million)

· Record production levels with 17% increase to 150,000 best pieces per week (2013: 128,000)

· Exciting new ceramic range with Ted Baker announced

· 80 new jobs created
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12 Mar Panmure Gordon 1,080.00 Buy

Shares -At 892.5p, Portmeirion offers 21% upside towards
the broker’s price target and an attractive, wellcovered
prospective yield of 3% for 2015.

8 Apr Panmure Gordon 1,000.00 Buy

EX DIVIDEND 23 Apr 2015 Portmeirion Group PLC (21 P)

Interim results
RNS
RNS Number : 2465V
Portmeirion Group PLC
06 August 2015

6 August 2015



PORTMEIRION GROUP PLC

('Portmeirion' or 'the Group')



Interim results for the six months ended 30 June 2015









Portmeirion Group is pleased to announce a strong performance for the six months ended 30 June 2015 in line with market expectations in respect of the full year run-rate.



Highlights



· Revenue of £27.9 million up by 14% on the comparative period (2014: £24.5 million).

· Profit before tax up by 45% to £1.8 million (2014: £1.2 million).

· EBITDA up by 23% to £2.3 million (2014: £1.9 million).

· Earnings per share up by 41% to 13.01p (2014: 9.21p).

· Interim dividend increased by 11% to 6.10 pence per share (2014: 5.50 pence per share).

· Strong sales growth in UK, USA and other export markets.

· The £1.5 million project to expand production capacity is on track with the new kiln expected to be commissioned in final quarter of 2015.

· Production at our Stoke-on-Trent factory continuing at record levels with average of 155,000 best pieces per week for H1 (full year 2014: 150,000).

· Strong order book for H2.







Dick Steele, Non-executive Chairman, commented:



"The performance of Portmeirion Group in the first six months of 2015 has been strong. We remain confident of the outcome for the full year to 31 December 2015."

6 Aug Panmure Gordon 1,013.00 Buy
6 Aug Cantor... N/A Under Review

15 Oct Cantor... 1,100.00 Buy

new-record-aim-star-portmeirion

Trading Update
RNS
RNS Number : 0979M
Portmeirion Group PLC
18 January 2016



18 January 2016







Portmeirion Group PLC ('Portmeirion' or 'the Group')



Trading Update



Portmeirion, the AIM listed manufacturer and worldwide distributor of high quality homewares, is pleased to confirm that it expects profit before taxation for the year to 31 December 2015 to be slightly ahead of market expectations.



The Group expects to report record revenues for the year ended 31 December 2015 of over £68 million, an increase of at least 11% over the previous year. This is the seventh consecutive year in which we have achieved record sales. At a constant US dollar exchange rate our revenue increase would have been at least 8%.



The new kiln, which we announced last year, was installed and commissioned during 2015 within timescale and budget without any disruption to existing production. The kiln will be brought into live production from the beginning of February to meet expected demand for UK manufactured product in 2016.



We expect to announce the Group's preliminary results for the year ended 31 December 2015 on 9 March 2016. The Board remains committed to a progressive dividend policy.



Dick Steele, Non-executive Chairman, said:



"I am delighted with the achievement of another record level of sales. Sales performance in the UK has been particularly robust throughout 2015, with strong growth in online sales, and the US performed strongly in the run up to Christmas. We look forward with confidence."