Hotel Chocolat Makes Strong Start As Listed Company

Hotel Chocolat, the premium British chocolatier that listed on the London Stock Exchange’s Alternative Investment Market in May, has revealed that its sales in the 52 weeks ended 26 June jumped 12% to £92.6m. The group’s online business performed particularly well with revenues increasing by 20%.

The group said that its new store opening programme was continuing to progress, with one new store opened in Sheffield on 9 May and a further four new stores expected to open later this year. Of note during the period since the IPO, the group said that’s new Father’s Day campaign ‘Better than Socks’ performed particularly well.

It added that capital projects, notably the increase in manufacturing capacity at its facility near Cambridge, were on schedule and within budget.

Hotel Chocolat said trading since the year end was in line with management’s expectations.

Angus Thirlwell, Co-Founder and Chief Executive Officer of Hotel Chocolat, commented: “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.”