Gifts Today magazine

Portmeirion report strong start to 2010

The first half of 2010 has proved to be a strong performance for Portmeirion Group, who have reported a 24% increase in revenue compared to the same time last year.

This performance is understood to be in line with market expectations and despite difficult worldwide economic conditions.

Portmeirion Group's revenues for the first six months of this year are £21 million (2009: £17 million), 24% higher than for the same period last year.  Just over half of this increase comes from the Spode and Royal Worcester brands with the balance coming from Portmeirion and Pimpernel.  

Portmeirion and Pimpernel performed exceptionally well in South Korea and Canada and all the Group's brands did well in the key US market, providing almost a third of the increase in revenue.

Domestic sales have also improved year on year and the indications are that this trend is set to continue for the next six months.


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