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[January 2008]
Portmeirion Group Issues Trading Statement
The Board of Portmeirion Group, the AIM traded ceramics manufacturer and world-wide distributor of household goods, announced a trading update for the year to 31 December 2007, prior to entering its close period. The group expects to announce its preliminary results for 2007 on 2 April 2008.
The group traded strongly in 2007. Sales continued to grow and revenue and profits are expected to be in line with management expectations.
Dick Steele, Non Executive Chairman commented: "2007 was another year of growth for Portmeirion. This was in part driven by the continued popularity of our well established classic ranges as well as the success of our new ranges such as Sophie Conran and Pimpernel. The Group has continued the rationalisation of its UK warehousing facilities and expects the benefits of this to improve its operational efficiency in the coming years".
ENDS