Portmeirion Group (LON:PMP) Posts Quarterly Earnings Results

Portmeirion Group (LON:PMP) issued its quarterly earnings results on Wednesday. The company reported GBX (31.40) EPS for the quarter, Digital Look Earnings reports. Portmeirion Group had a negative return on equity of 12.61% and a negative net margin of 6.86%.

Portmeirion Group Price Performance

PMP traded down GBX 1 on Wednesday, reaching GBX 50. 14,839 shares of the company’s stock were exchanged, compared to its average volume of 35,003. Portmeirion Group has a twelve month low of GBX 47.14 and a twelve month high of GBX 138. The company has a debt-to-equity ratio of 59.99, a current ratio of 1.54 and a quick ratio of 0.68. The stock has a market cap of £25.37 million, a PE ratio of -1.10, a P/E/G ratio of 0.75 and a beta of 0.48. The stock’s fifty day moving average price is GBX 51 and its 200-day moving average price is GBX 69.50.

Portmeirion Group News Roundup

Here are the key news stories impacting Portmeirion Group this week:

• Positive Sentiment: A £17.2 million fundraising sharply reduced net debt, strengthening liquidity and giving the homewares group greater financial flexibility. The benefit is partly offset by potential shareholder dilution. Portmeirion Losses Widen but £17.2m Raise Cuts Net Debt Sharply
• Positive Sentiment: Shore Capital reaffirmed its “house stock” rating, indicating continued support from the company’s broker despite the difficult results. Shore Capital rating update
• Neutral Sentiment: Portmeirion plans to change its corporate name to Spode Group PLC in November, aligning the company identity with one of its best-known brands. The rebrand may improve brand recognition but does not directly change earnings. Portmeirion Group to Change Name to Spode Group in November
• Neutral Sentiment: Adrian Wilding has been appointed interim CFO after the finance chief stepped down for health reasons. The transition adds a management-change risk, although an interim replacement is in place. Portmeirion CFO changes
• Neutral Sentiment: The company will host a retail investor webinar on September 30, potentially providing more detail on its strategy, trading outlook and use of the fundraising proceeds. Portmeirion retail investor webinar
• Negative Sentiment: First-half revenue fell 1.9% to £36.4 million, while the headline pre-tax loss widened. The results point to continued trading weakness and remain the main reason investors are cautious. Portmeirion H1 Revenue Falls and Loss Widens
• Negative Sentiment: Reported quarterly EPS was negative at 31.40 pence, alongside a negative net margin and negative return on equity, highlighting the company’s lack of profitability. Portmeirion Group half-year earnings results

Analyst Ratings Changes

Separately, Shore Capital Group restated a “house stock” rating on shares of Portmeirion Group in a research note on Wednesday.

About Portmeirion Group

“Our vision is to be a leading force in the global homeware sector focused on growing our great British brands.”

Based in Stoke-on-Trent, we are the owner, designer, manufacturer and omni-channel retailer of leading homeware brands in global markets. Our much loved brands include Portmeirion, Spode, Royal Worcester, Nambé, Pimpernel and Wax Lyrical. Recognised around the world, our brands have a combined history of over 700 years.

With a consistent track record of growth, our revenue is generated from a variety of different channels, markets, currencies and product categories.