Portmeirion Group PLC provided earnings guidance for the year ended 31 December 2023 and for the fiscal year 2024. As a result, fiscal year 2023 sales are now expected to be at least £102 million, marginally ahead of consensus market expectations. This is 10% above pre-Covid 2019 levels but lower than the fiscal year of 2022's record results as anticipated. The company expects the fiscal year of 2023 profit before taxation to be in line with underlying consensus market expectations.

Following a positive Christmas performance, the company expects sales to return to growth in 2024 YOY alongside a healthy operating margin improvement compared to 2023. However, the company expects 2024 to be a challenging year due to ongoing macro uncertainty with customers remaining cautious in relation to H1 order flow, in particular in the US and Korean markets.