PORTMEIRION GROUP PLC (PMP) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the PORTMEIRION GROUP PLC Interim Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, and they can be submitted at any time using 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 received during the meeting itself. However, company can review all questions submitted today and publish responses, which is appropriate to do so. Before we begin, I would like to submit the following poll, and I would now like to hand you over to CEO, Mike Raybold. Good afternoon to you. Good afternoon, everybody, and thank you for joining us. This is PORTMEIRION GROUP's 2024 interim results presentation. Like I said, you have me, Mike GROUP, chief executive, and my colleague, Dave Sproston, our group finance director. We're looking forward to talking to you today to run through our latest half year results. And as I've said, there's opportunity at the end. If you have a question, I'll log in, and we'll get to as many of those questions as we can. I'm gonna start straight away with our headlines. There are a number of slides of background on the company, which I won't go through this morning. But if you haven't listened to one of our presentations before, you can find those afterwards when we post this slide deck on our investor website. So starting with an overview for our first half. Sales, as we reported in July, were down 17%, and this is particularly due to one market and a particular issue in South Korea where we had destocking going on with our key distributors. I'm gonna deal and talk about a number of our key markets in detail later on, and that ...