A strong year-end update from Portmeirion this morning, signalling a full year Sales and PBT outcome 10%/9% ahead of consensus. Profitability has been helped by strong trading over the peak Christmas season. So another impressive update, reflecting favourably on the digital led growth strategy and management’s ability to navigate the inflationary backdrop. For now we hold fire on outer year forecasts given ongoing covid/inflation uncertainties but continue to have conviction around double-digit ....
12 Jan 2022
Strong end to the year drives a 9% FY21 PBT beat
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Strong end to the year drives a 9% FY21 PBT beat
Portmeirion Group PLC (PMP:LON) | 256 0 0.0% | Mkt Cap: 35.8m
- Published:
12 Jan 2022 -
Author:
Sahill Shan -
Pages:
4
A strong year-end update from Portmeirion this morning, signalling a full year Sales and PBT outcome 10%/9% ahead of consensus. Profitability has been helped by strong trading over the peak Christmas season. So another impressive update, reflecting favourably on the digital led growth strategy and management’s ability to navigate the inflationary backdrop. For now we hold fire on outer year forecasts given ongoing covid/inflation uncertainties but continue to have conviction around double-digit ....