Portmeirion ( (GB:PMP) ) has shared an announcement.
Portmeirion Group PLC reported a challenging year in 2024 with an 11% decline in revenue to £91.2 million, primarily due to a significant downturn in the South Korean market. Despite this, the company saw growth in its Spode and Wax Lyrical brands and improved profitability in the US. The company is focusing on strategic priorities to restore growth, strengthen its balance sheet, and expand into new markets. The year 2025 has started positively, with cautious optimism for future growth amid a challenging economic environment.
More about Portmeirion
Portmeirion Group PLC is a global homewares brand group based in Stoke-on-Trent, England. The company owns six heritage and contemporary brands: Spode, Portmeirion, Royal Worcester, Pimpernel, Wax Lyrical, and Nambé. It serves markets worldwide, with significant demand in North America, the UK, and South Korea.
YTD Price Performance: -13.33%
Average Trading Volume: 21,842
Technical Sentiment Signal: Buy
Current Market Cap: £21.46M
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