Hotel Chocolat Group PLC Trading Update (8693D)

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RNS Number : 8693D

Hotel Chocolat Group PLC

12 July 2016

12 July 2016

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, is pleased to announce a trading update for the 52 weeks ended 26 June 2016 ("FY16").

Revenue for FY16 of GBP92.6 million increased 12 per cent compared to the prior year, slightly ahead of market expectations. The Group's digital retail channel continued to perform well with revenues increasing by 20 per cent.

Since the Company's admission to trading on AIM in May 2016, the new store opening programme has continued to progress well, with one new store opened in Sheffield on 9 May, with a further four new stores expected to open later this year. Of note during the period since IPO, the Group's new Father's Day campaign 'Better than Socks' performed particularly well.

Capital projects, notably the increase in manufacturing capacity at the Group's facility near Cambridge, are on schedule and within budget. The Board maintains focus on its operating margins and tight cost control across all aspects of the business.

Trading since FY16 continues to be in line with management's expectations.

The Board expects to announce the Group's maiden preliminary results for FY16 in mid October 2016.

Angus Thirlwell, Co-Founder and Chief Executive Officer of Hotel Chocolat, said: "Hotel Chocolat has had a good start as a listed company, with pleasing growth slightly above expectations. We remain confident in our strategy. Our plans to invest further in our British chocolate manufacturing operations, in new stores, and in our digital offering are all progressing well."

Enquiries:

 
 Hotel Chocolat Group          Tel: [phone] 
  Limited                       746 
 Angus Thirlwell, Co-Founder 
  and CEO 
  Peter Harris, Co-Founder 
  and Development Director 
  Matt Pritchard, CFO 
 Liberum (Nominated Adviser    Tel: [phone] 
  and Sole Broker) 
 Tom Fyson 
  Steven Tredget 
  Anna Hartropp 
  Jill Li 
  Ben Roberts 
 Citigate Dewe Rogerson        Tel: + 44 (0) 20 7638 
                                9571 
 Ellen Wilton 
  Elizabeth Kittle 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 12, 2016 02:00 ET (06:00 GMT)