Portmeirion Group has confirmed that it enjoyed another record-breaking sales performance in the year year ending December 31 2011.
Revenues of £53.6m were an increase of 5% on the previous year’s £51.2m, and pre-tax profit was up 21% to £6.3m against 2010’s £5.2m. Portmeirion’s cash balance is up to £6.8m from £6.2m.
This was the third successive year in which the group has pushed revenues to record levels, with all its main markets showing growth. Its market remains the US, with the UK second and South Korea third. Its biggest selling-pattern is still the Portmeirion-branded Botanic Garden, launched 40years ago this year.
“Portmeirion Group is in excellent condition,” commented managing director Michael Haynes. “Our brands are stronger and more valuable and our product ranges are deeper and wider than at any time in our 52-year history. We remain confident for the future.”
He said that production volumes were up by 18% on last year, and predicted that this year’s Diamond Jubilee would “provide significantly higher levels of business compared to those which we enjoyed for the royal wedding in 2011”.