Gifts Today magazine

Portmeirion shows seventh consecutive year of record revenue

Growth in UK, US and Asia results in all-time profits before tax

Portmeirion enjoyed a seventh consecutive year of record sales in 2015 with revenues and earnings being driven to their highest levels.

This outcome, together with the confidence for the future, has enabled them to increase our dividend for the seventh successive year.

While they have improved sales in the United Kingdom and the United States they suffered what they believe to be a temporary slowdown in South Korean sales as the local economic conditions and attitudes towards luxury goods have softened.

However, their diversified product range, supply base and wide markets have enabled them to maintain their steady progress elsewhere.

Revenues were £68.7m for the year, an increase of 11.9 per cent over the previous year (2014: £61.4m).

This represents a seventh consecutive year of record revenues for the company.

At a constant US$ exchange rate the revenue increase would have been a little lower at 8.4 per cent.

Their largest market remains the United States, which represents nearly a third of sales.

Check out their website.

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