Hotel Chocolat Group revenues jump 13%
The British chocolatier also opened 14 new stores in the UK and Eire in the second half of the fiscal year.
Hotel Chocolat Group released their interim results for the 26 weeks ended 30 December 2018, where underlying EBITDA rose 10% to £17.3 million from £15.8 million in the previous period.
Excluding new US & Japan start-ups, profit before tax was up 11% to £14.4m, while reported profit before tax up 7% to £13.8m. Profit after tax was recorded at 7% to £10.8m.
“This has been another period of progress for Hotel Chocolat with strong growth in sales, profits and cash generation. The critical Christmas period was again successful, supported by the launch of our new and innovative Velvetiser Hot Chocolate maker and by a deepening relationship with our customers via the new VIP Me scheme," Angus Thirlwell, co-founder and Chief Executive Officer of Hotel Chocolat, said.
Recent trading, including the Valentine’s period, is said to be in line with the board’s expectations.
"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,” Thirlwell added.
Photo credit: Hotel Chocolat Facebook
