PORTMEIRION GROUP PLC (PMP) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the PORTMEIRION GROUP PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time via the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question that receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Mike Raybold, CEO. Good afternoon, sir. Thank you, Lily. Good afternoon, everybody, and thank you for joining us this afternoon. This is PORTMEIRION GROUP's half one interim results presentation. I'm gonna start with a brief overview, and I'm gonna hand on to my colleague, John, our CFO, who will talk about our financial results before I come back and do a more in-depth review of our key sales markets and then a review on the progress against our strategic and and transformation plan. So as an overview, our group sales for the six month period grew by just under 3% at constant currency. However, the top line number was significantly impacted by our largest sales market, The US, due to the tariff disruption that started in April. Excluding that U. S. Market, our overall group sales were up nearly 11 at constant currency, pleasing result. As a result of the impact of tariffs on our U. S. Market, our loss for the first half, traditionally quieter half of the year increased from million dollars to $2,800,000 again driven by that U. S. Market. I'll talk much more in our market with you about the tariff situation and our strong response plan ...