Portmeirion Group PLC, the designer, manufacturer and worldwide distributor of homewares under the Portmeirion, Spode, Royal Worcester, Pimpernel, Wax Lyrical and Nambé brands, have announced a trading update that reports a strong start to the year.
Sales for the first four months of the year (to 30 April 2021) have increased by more than 50 per cent on the same period in 2020. On a like-for-like basis, sales for this period are slightly ahead of pre-Covid levels achieved in the same period in 2019.
Mike Raybould, Chief Executive, said, “Despite some ongoing Covid-related disruptions to our sales markets and supply chains in the first part of 2021, we are delighted to see the benefits of continued sales momentum and of our strategic programmes starting to feed through to our trading. Our sales are traditionally weighted seasonally to the second half. However, we are pleased to see our strong finish to 2020 continue through to the start of 2021. We have developed a pipeline of exciting new products that launch during 2021 which, together with our ongoing investments behind our digital infrastructure and operational capabilities, means we are confident about the opportunities to grow our brands around the world.”
