Business
Final Results
Final Results.
About this update from Portmeirion Group Plc
[{"type":"text","content":"\n \nRNS Number : 5078T Portmeirion Group PLC 21 March 2019 \n\n21 March 2019\n \nPortmeirion Group PLC ('Portmeirion' or 'the Group')\n \nPreliminary results for the year ended 31 December 2018\n \n \nFinancial summary \n\n\n\n\n \n\n\n \n2018\n£m\n\n\n \n2017\n£m\n\n\n \nIncrease\n%\n\n\n\n\nRevenue\n\n\n89.6\n\n\n84.8\n\n\n5.7\n\n\n\n\nPre-tax profit \n\n\n9.7\n\n\n8.8\n\n\n10.1\n\n\n\n\nEBITDA\n\n\n11.8\n\n\n11.0\n\n\n7.5\n\n\n\n\nBasic earnings per share\n\n\n72.12p\n\n\n65.07p\n\n\n10.8\n\n\n\n\nDividends paid and proposed per share in respect of the year\n\n\n37.50p\n\n\n34.66p\n\n\n8.2\n\n\n\n\n \n \n \nHighlights:\n \nFinancial\n· Tenth consecutive year of record Group revenue which increased by 5.7% to £89.6 million (2017: £84.8 million). \n· Profit before tax increased by 10.1% to £9.7 million (2017: £8.8 million). \n· EBITDA increased by 7.5% to £11.8 million (2017: £11.0 million).\n· Earnings per share increased by 10.8% to 72.12p (2017: 65.07p). \n· Total dividends paid and proposed for 2018 increased by 8.2% to 37.50p per share (2017: 34.66p).\n· Net cash improved to £2.3 million (2017: £1.6 million). \n· Operating margin increased to 11.1% (2017: 10.7%). \n \n \nOperational\n· Strong progress across key markets of UK, US and South Korea. \n· Home fragrance division (acquired in 2016) delivers sales growth of 11.1%.\n· Online sales growth of 24.4% over the prior year.\n· Successful new product launches including Sara Miller London Portmeirion and line extensions in Portmeirion Botanic Garden and Royal Worcester Wrendale Designs.\n· For 2019, three exciting new UK manufactured ranges launched - Portmeirion Botanic Garden Harmony, Portmeirion Atrium and Spode Kingsley.\n· Appointed Angela Luger as a Non-executive Director on 1 March 2019. \n \nDick Steele, Non-executive Chairman commented:\n \n\"We are delighted to be reporting a tenth consecutive year of record revenue and another record profit before taxation. Our strategy and core values remain unchanged. We are focused on driving profitabl...