Half Year 2023 Portmeirion Group PLC Earnings Call Transcript
Good afternoon and welcome to the Portmeirion Group PLC interim results investor presentation. (Operator Instructions) Before we begin, I would like to submit the following poll, and I would now like to hand you over to CEO, Mike Raybould. Good afternoon to you.
Good afternoon, everybody, and welcome to Portmeirion Group's 2023 interim results presentation. You have myself, Chief Executive; and David Sproston, our Group Finance Director. Let's start with some headlines and then I'll pass on to Dave, who will take us through some of the financial summary slides.
So in terms of an overview, our sales in the first half were down 3% year on year against a tough record of sales last year and against a backdrop of much tougher consumer markets generally around the world. The challenges we face was centered really in North America, which for us is the US and Canadian markets where our sales were 13% down, and that really reflected de-stocking from major customers against the backdrop of tougher consumer
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