Portmeirion Groupl Plc announce an interim dividend of 3.50p (2021: 0.00p) per ordinary share will be paid on 21 October 2022 to shareholders on the register on 23 September 2022. During the period a final dividend of 13.00p per ordinary share was paid in respect of the previous financial year.
Other financial highlights include:
Record H1 Group revenue of £45.5 million, an increase of 5% over the prior year (H1 2021: £43.1 million).
Group sales 30% ahead of pre-pandemic 2019 levels demonstrating significant expansion in their customer base.
Headline profit before tax grew by 30% to £2.0 million (H1 2021: £1.5 million).
H1 headline operating profit margin increased from 4.0% to 4.3% as part of their long term ambition to achieve full year operating margin of 13% (FY 2021: 7.2%).
Maintained strong online channel sales growth achieved during the pandemic despite physical retail reopening. Total online channel sales in their core UK and US sales markets now 55% (H1 2021: 53%). Own ecommerce sales declined by 16% as long term market trends stabilise but remain 111% ahead of pre-pandemic 2019 levels.
Headline basic earnings per share up to 12.00p per share (H1 2021: 9.12p).
Strong balance sheet maintained and significant headroom within current borrowing facilities.
Expectation of sales to be at least in line with record sales year in 2021, with profit also ahead of the prior year.