The Company’s geographical location includes the United Kingdom, Euro pe and Rest of World. The Company is engaged in the manufacturing and retailing of chocolate in the United Kingdom and overseas. “A high degree of confidence in full-year numbers, a strong balance sheet and growth increasingly coming from capital light channels, underpins the quality of the investment case,” the broker said. Hotel Chocolat Group plc is a chocolate company. Liberum repeated a ‘buy’ rating on the stock and target price of 410p, saying the first-half results were “very strong”.
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Save £5 when you spend £35 or more on Hotel Chocolat (Apply promo code CHOC5 at checkout) Add to your basket. The interim dividend was maintained at 0.6p per share. British chocolate company Hotel Chocolat began by selling its daring and innovative luxury chocolates on its website, before bursting onto the high street. Hotel Chocolat 50 Milky Drinking Chocolate, 10 Sachets, 350g. Cocoa-rich products result in a smooth taste, with inventive flavours featuring nuts, fruit and. From quirky characters to alcohol-themed options, the range includes white, light and dark varieties. However, the gross margin declined by 270 basis points to 65.8%, primarily due to demand for the lower margin Velvetiser product and the cost of the VIP loyalty scheme.Ĭash flows from operating activities increased 18% to £29.5mln and the company ended the period with net cash of £21.8mln. In fact, Hotel Chocolat has completely ruined all other hot drinks for me and if its not a cup of its heavenly, smooth creations, then Im just not interested. Indulge a friend or partner (or yourself) with these Hotel Chocolat gifts and chocolate boxes. He added: "Recent trading, including Valentine's period, is in line with the board's expectations and we continue to make good progress against our key strategic objectives of opening more stores, improving our digital capability and increasing our production capacity whilst testing and learning in two large new territories." "Growth in the UK continued to deliver improvements in profitability which have enabled us to invest in the launch of two new start-ups in New York and Tokyo, both of which are showing encouraging early signs, in terms of customer response and the initial store sales performance,” said Angus Thirwell, co-founder and chief executive. The company said it had a strong Christmas period, supported by the launch of its new Velvetiser hot chocolate maker and the new VIP Me rewards scheme. READ: Hotel Chocolat shares get sugar rush on the back of sweet Christmas trading
Pre-tax profit increased 7% to £13.8mln in the six months to December 30 on revenue of £80.7mln, up 13% on a year ago. Hotel Chocolat Group PLC ( LON:HOTC) shares gained on Tuesday after the luxury chocolate maker delivered a solid first half following the successful launch of its first stores in New York and Tokyo.
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