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 ....
