PMP PORTMEIRION GROUP PLC ORD 5P

PORTMEIRION Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	55.53	53.61	51.24	43.17	31.84
Operating Profit/(Loss)	6.66	6.28	5.32	4.39	1.35
Net Interest	0.03	0.04	0.17	0.41	0.02
Profit Before Tax	6.75	6.33	5.25	3.72	1.09
Profit After Tax	5.01	4.47	3.48	2.45	0.58
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	5.01	4.47	3.48	2.45	0.58
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	5.01	4.47	3.48	2.45	0.58

Continuing EPS
Earnings per Share - Basic	48.43p	43.94p	34.91p	24.73p	5.81p
Earnings per Share - Diluted	47.73p	43.12p	34.39p	24.66p	5.80p
Earnings per Share - Adjusted	48.43p	43.94p	34.91p	24.73p	5.81p
Continuing and Discontinued EPS
Earnings per Share - Basic	48.43p	43.94p	34.91p	24.73p	5.81p
Earnings per Share - Diluted	47.73p	43.12p	34.39p	24.66p	5.80p
Earnings per Share - Adjusted	48.43p	43.94p	34.91p	24.73p	5.81p

Dividend per Share	20.20p	17.40p	16.15p	14.70p	14.70p

Balance Sheet (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Assets
Non-Current Assets
Property, Plant & Equipment	5.66	5.98	6.16	5.61	5.76
Intangible Assets	1.61	1.82	2.04	2.40	0.52
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	1.69	1.53	1.47	1.33	1.30
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.82	0.86	0.71	0.29	0.47
	9.77	10.19	10.38	9.62	8.04
Current Assets
Inventories	11.62	12.47	9.66	8.78	10.27
Trade & Other Receivables	9.61	7.52	7.70	7.04	6.45
Cash at Bank & in Hand	7.45	6.78	6.25	5.44	3.94
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	28.68	26.76	23.61	21.26	20.65

Total Assets	38.46	36.95	33.99	30.88	28.69

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	-0.28	0.00
Other Current Liabilities	-6.64	-7.65	-7.50	-5.64	-4.32
	-6.64	-7.65	-7.50	-5.92	-4.32

Net Current Assets	22.05	19.12	16.10	15.34	16.33

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	-0.76	0.00
Provisions	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	-4.97	-4.91	-4.36	-3.71	-4.33
	-4.97	-4.91	-4.36	-4.47	-4.33

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-11.61	-12.55	-11.86	-10.39	-8.64

Net Assets	26.85	24.40	22.12	20.49	20.05

Capital & Reserves
Share Capital	0.54	0.54	0.53	0.53	0.53
Share Premium Account	5.80	5.54	4.95	4.82	4.82
Other Reserves	0.62	0.62	0.26	-0.41	0.35
Retained Earnings	19.89	17.70	16.38	15.55	14.35
Shareholders Funds	26.85	24.40	22.12	20.49	20.05

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	26.85	24.40	22.12	20.49	20.05

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	11.30	9.44	15.18	13.34	19.36
PEG - Adjusted	1.11	0.36	0.37	0.04	-0.24
Earnings per Share Growth - Adjusted	10.22%	25.87%	41.16%	325.65%	-81.12%
Dividend Cover	2.40	2.53	2.16	1.68	0.40
Revenue Per Share	537.25p	527.14p	514.75p	435.13p	321.43p
Pre-Tax Profit per Share	65.31p	62.24p	52.73p	37.48p	11.00p
Operating Margin	11.88%	11.71%	10.35%	9.54%	3.29%
Return on Capital Employed	22.44%	23.20%	22.23%	18.13%	4.65%

Continuing & Discontinued Operations
Dividend Yield	3.69%	4.19%	3.05%	4.45%	13.07%
Dividend per Share Growth	16.09%	7.74%	9.86%	0.00%	3.16%
Net Asset Value per Share (exc. Intangibles)	242.11p	220.70p	190.14p	182.37p	196.91p
Net Gearing	-27.75%	-27.78%	-28.25%	-21.44%	-19.64%

Data is provided by Morningstar

PORTMEIRION - Fundamentals