GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHOTC.L Share News (HOTC)

  • There is currently no data for HOTC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Hotel Chocolat's profits sweeten as worldwide expansion targeted

Tue, 25th Sep 2018 08:18

(Sharecast News) - Chocolatier and cocoa grower Hotel Chocolat on Tuesday reported a jump in first-half profits and set its sights on expansion into Scandinavia, Japan and the US.For the first six months of the year the company increased profit before tax 13% to £12.7m, after revenue climbed by 11% to £116.3m on the back of 15 new store openings in the UK and Ireland.Angus Thirlwell, co-founder and chief executive of Hotel Chocolat, said: "We are increasingly confident that international expansion presents a growth opportunity, and will be adopting a cautious 'test, learn, grow' approach to our new partnership in Scandinavia and our new ventures in the US and Japan, where we intend to open our first stores this winter."A joint venture agreement was signed this month regarding a business in Japan where the company aims to have a Tokyo store open by the beginning of winter and ready for the Japanese gift-giving seasons in February and March.A new and wholly owned US subsidiary, Hotel Chocolat Inc, will open a store on Lexington Avenue, New York, in time for the winter rush, while the company's franchise partner in Denmark has now opened a total of four stores in Denmark.Analysts at Liberum were optimistic about these overseas launches, saying: "Hotel Chocolat's affordable luxury, "more cocoa, less sugar" offer and broad, unique ranges position it well to disrupt the incumbents in new markets."At 30 June the outfit had cash and cash equivalents of £0.2m, down from £8.5m at the same point last year, while the board proposed a full-year dividend of 1.7p per share, up from 1.6p."The encouraging performance of our UK channels means we remain confident of further growth, with an exciting range of new product innovations for this autumn, including our Chocolat Cream Liqueur and the Velvetiser in-home Hot Chocolat system," Thirlwell said.Hotel Chocolat's shares were up 0.75% at 340.00p at 0836 BST.
More News
23 Jun 2023 16:58

LONDON MARKET CLOSE: Stocks end in the red as recession fears mount

(Alliance News) - Stocks in London closed lower on Friday as weak economic data and the prospect of global interests staying higher for longer put investors in a firmly risk-off mood.

Read more
23 Jun 2023 10:46

Liberum cuts outlook for Hotel Chocolat after profit warning

(Alliance News) - Liberum on Friday moderated its revenue outlook for Hotel Chocolat Group PLC after the company warned on earnings again.

Read more
23 Jun 2023 10:37

AIM WINNERS & LOSERS: Audioboom falls as expect 2023 to be a bust

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Read more
23 Jun 2023 09:56

Shares melt as Hotel Chocolat warns on profits

(Sharecast News) - Shares in Hotel Chocolat Group fell sharply on Friday, after the confectionary chain warned on profits for the second time in two months.

Read more
23 Jun 2023 09:19

IN BRIEF: Hotel Chocolat shares plunge as expects annual loss

Hotel Chocolat Group PLC - Hertfordshire, England-based chocolate maker - Expects to deliver an underlying marginal loss before tax for financial 2023. For financial 2022, underlying pretax profit was GBP21.7 million. For financial 2024, it expects sales and underlying pretax profit to be lower than current market expectations due to ongoing weakness in consumer sentiment and continuing inflationary pressures.

Read more
23 Jun 2023 08:52

LONDON MARKET OPEN: Stocks down after BoE; GSK up on Zantac settlement

(Alliance News) - Stock prices in London opened lower on Friday, as rising interest rates weighed on housebuilding stocks in the FTSE 100.

Read more
3 May 2023 12:04

IN BRIEF: Hotel Chocolat appoints new chair, effective from Friday

Hotel Chocolat Group PLC - Hertfordshire, England-based chocolate maker - Appoints Stephen Alexander as non-executive chair, effective from Friday. Notes Alexander has held numerous chair roles at public and private equity-backed companies for more than 20 years. This was predominantly in the consumer sector, including Dairy Crest Group, Immediate Media Co, Rhubarb Foods Ltd, EMI Group Ltd and Odeon Cinemas Ltd.

Read more
27 Apr 2023 15:56

TRADING UPDATES: Naked Wines optimistic; Hotel Chocolat warns on sales

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
27 Apr 2023 09:49

Hotel Chocolat warns over sales miss, shares slide

(Sharecast News) - Hotel Chocolat warned on Thursday that full-year underlying pre-tax profit was set to break even, while sales will be slightly lower than market expectations after a weaker-than-expected performance over Easter, following a year of transition to re-shape the business.

Read more
8 Mar 2023 13:50

Hotel Chocolat interim profit falls as people spend less on chocolate

(Alliance News) - Hotel Chocolat Group PLC on Wednesday announced a fall in half-year profit and revenue as people spent less on its chocolate products in the UK and Ireland.

Read more
8 Mar 2023 10:35

Hotel Chocolat interim profits drop

(Sharecast News) - Premium chocolatier Hotel Chocolat reported a drop in first-half profit and revenue on Wednesday but said it expects a return to sales and EBITDA growth going forward.

Read more
3 Mar 2023 09:16

Hotel Chocolat begins redundancy process

(Sharecast News) - Premium chocolatier Hotel Chocolat has begun a formal redundancy consultation, putting jobs at risk as it plans to take the business in a "leaner and more competitive direction".

Read more
2 Feb 2023 14:40

IN BRIEF: Hotel Chocolat hires Terumo division CFO Akehurst as new CFO

Hotel Chocolat Group PLC - Hertfordshire, England-based chocolate maker - Hires Jon Akehurst as new chief financial officer and an executive board director, joining in May this year.

Read more
2 Feb 2023 09:43

Hotel Chocolat appoints Jon Akehurst as CFO

(Sharecast News) - Premium chocolatier Hotel Chocolat said on Thursday that it has appointed Jon Akehurst as its new chief financial officer with effect from May.

Read more
19 Jan 2023 14:41

TRADING UPDATES: Kooth annual revenue to be in line with expectations

(Alliance news) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.