Portmeirion Group Navigates Market Challenges

Portmeirion (GB:PMP) has released an update.

Portmeirion Group PLC reports a 17% decrease in revenue to £36.6 million for the first half of 2024, with sales in South Korea significantly declining but showing promise in US and UK markets. Despite a challenging environment, the company maintains a strong Christmas order book and anticipates meeting full-year market expectations. Cost restructuring efforts are set to reduce overheads by £4 million, supporting growth in operating margins.

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