The Portmeiron Group plc Board are recommending a final dividend of 13.00p (2020: £nil). Total dividends paid and proposed for the year would therefore be 13.00p (2020: £nil).
Other financial highlights include:
Record Group revenue of £106.0 million in the year to 31 December 2021, an increase of 21% over the prior year (2020: £87.9 million) and 14% over pre Covid-19 level (2019: £92.8 million).
Excellent Q4 seasonal trading performance despite ongoing global supply chain inflation and disruption, demonstrating the strength of consumer demand for their brands, progress with their online strategy and resilience of their operations.
Sales from their own ecommerce platforms increased by 16% over 2020 and are now 81% above 2019 levels. Online sales now represent 50% of total sales in their core UK and US markets in the year to 31 December 2021 (2020: 47%, 2019: 30%).
Headline profit before tax of £7.2 million (2020: £1.4 million, 2019: £7.4 million).
EBITDA of £10.7 million (2020: £5.1 million, 2019: £11.4 million).
Headline basic earnings per share of 38.85p (2020: 4.96p, 2019: 56.32p).
Strong balance sheet maintained with net cash of £0.7 million at 31 December 2021 (2020: net cash £0.7 million, 2019: net debt £12.3 million). Cash generative, which has allowed accelerated investments in their strategic capabilities.
