Portmeirion has released an ‘ahead of revenue expectations’ update. This is pleasing news as the business has continued to see good demand over H2. A strong top-line has helped mitigate short-term inflationary cost pressures, meaning no change to FY21 PBT expectations at this stage but with some upside risk dependent on peak season in the run up to Christmas. We hold fire on FY22/FY23 PBT forecasts also. We see cost challenges as short-term in nature and should not detract from the strategic pro ....

11 Nov 2021
Strong demand mitigating cost inflation

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong demand mitigating cost inflation
Portmeirion Group PLC (PMP:LON) | 280 0 0.0% | Mkt Cap: 39.2m
- Published:
11 Nov 2021 -
Author:
Sahill Shan -
Pages:
3 -
Portmeirion has released an ‘ahead of revenue expectations’ update. This is pleasing news as the business has continued to see good demand over H2. A strong top-line has helped mitigate short-term inflationary cost pressures, meaning no change to FY21 PBT expectations at this stage but with some upside risk dependent on peak season in the run up to Christmas. We hold fire on FY22/FY23 PBT forecasts also. We see cost challenges as short-term in nature and should not detract from the strategic pro ....