Hotel Chocolat Group PLC Trading Update (7444F)
July 17 2019 - 2:00AM
UK Regulatory
TIDMHOTC
RNS Number : 7444F
Hotel Chocolat Group PLC
17 July 2019
17 July 2019
HOTEL CHOCOLAT GROUP PLC
("Hotel Chocolat", the "Company" or the "Group")
Trading Update
Hotel Chocolat Group plc, a premium British chocolatier and
omni-channel retailer, today announces its trading update for the
52 weeks ended 30 June 2019 ("FY19").
Revenue for FY19 was GBP132 million, an increase of 14 per cent
compared to the 52 weeks ended 1 July 2018.
Management expects that profit before tax for FY19 will be in
line with market expectations.
Operationally, the Group opened 16 Hotel Chocolat locations in
the year contributing five per cent to Group sales year-on-year.
Two of the new openings were in the USA. In addition to the above
openings, the Group entered into a joint venture in Japan which
opened two locations in Tokyo.
Trading since FY19 continues to be in line with management's
expectations.
Angus Thirlwell, Co-Founder and Chief Executive Officer of Hotel
Chocolat, said:
"I'm really pleased with our performance this year, delivering
strong growth across all parts of the Hotel Chocolat multi-channel,
direct-to-consumer model. New activities in the year included
openings in the US and Japan; the launch of the Velvetiser - our
in-home drinking chocolate system; and the introduction of our VIP
ME rewards card scheme, all of which present substantial future
growth opportunities.
"Our pace of innovation is relentless. In our drinks and ices
range we are seeing the most prolific new product Instagramming in
our history, with Billionaire's Sundaes, Choc Shakes and Vegan
Chocolate-Dipped Lollies generating lots of excitement".
The Board expects to announce the Group's preliminary results
for FY19 on 24 September 2019.
Enquiries:
Hotel Chocolat Group Limited Tel: +44 (0) 1763 257 746
Angus Thirlwell, Co-Founder and CEO
Peter Harris, Co-Founder and Development Director
Matt Pritchard, CFO
Liberum (Nominated Adviser and Sole Broker) Tel: +44 (0) 20 3100 2000
Clayton Bush
Andrew Godber
James Greenwood
Trystan Cullen
Citigate Dewe Rogerson Tel: + 44 (0) 20 7638 9571
Angharad Couch
Ellen Wilton
Elizabeth Kittle
Notes to Editors:
Hotel Chocolat is a premium British chocolatier with a strong
and distinctive brand. The business was founded in 1993 by Angus
Thirlwell and Peter Harris and has traded under the Hotel Chocolat
brand since 2003. The Group sells its products online and through a
network of stores in the UK and abroad. The Group has a cocoa
plantation and eco-hotel in Saint Lucia, offering complete cocoa
immersion through tree-to-bar experiences and wellness treatments.
The Group also has a flagship restaurant and cocoa roastery in
London's Borough Market: Rabot 1745. The Group was admitted to
trading on AIM in 2016.
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contact rns@lseg.com or visit www.rns.com.
END
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