Portmeirion Group Sees Sales Growth Despite U.S. Tariff Headwinds

Portmeirion Group PLC (LSE:PMP) has reported a 2.8% rise in revenue on a constant currency basis for the first half of 2025, with growth reaching 10.8% when excluding the impact of its U.S. operations. The company continues to face headwinds from U.S. import tariffs, which have prompted a strategic realignment, including ramping up domestic manufacturing in the UK and reshaping its approach to the American market.

Despite these challenges, Portmeirion posted strong performances in South Korea and other international markets. Its Wax Lyrical brand also delivered solid results in the UK. Looking ahead, the company expects modest sales growth in the second half of the year, driven by ongoing momentum in its international divisions, though it remains cautious about U.S. market conditions.

Portmeirion’s financial outlook is tempered by ongoing volatility in cash flow and revenue, contributing to a subdued valuation. While insider share purchases offer a degree of confidence, technical indicators currently suggest negative momentum. The company is focusing on operational stability and international expansion to strengthen its long-term prospects.

About Portmeirion Group PLC

Portmeirion is a renowned British homeware company headquartered in Stoke-on-Trent, England. The group owns a portfolio of six iconic brands—Spode, Portmeirion, Royal Worcester, Pimpernel, Wax Lyrical, and Nambé. Serving global markets, the company has a strong presence in the UK, North America, and South Korea, offering products that blend heritage craftsmanship with modern design.

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