29th Sep 2020 12:01
Hotel Chocolat Group PLC - Royston, Hertfordshire-based chocolatier - Revenue for year ended June 28 rises 3% to GBP136.3 million. Swings to pretax loss of GBP7.5 million from GBP14.1 million profit, after a GBP10 million exceptional charge versus no such charge the year before.
Trading in line with management expectations for the first 12 weeks of financial 2021. Net cash of GBP16.5 million and liquidity headroom of GBP51.5 million as at September 20. Signs new e-commerce partnership with THG Ingenuity, a unit of recent London listing THG Holdings PLC, to launch a direct-to-consumer offering in the US. THG Ingenuity to provide its enablement platform to Hotel Chocolat, along with digital brand services and a complete fulfilment solution including chilled storage distribution.
Hotel Chocolat current stock price: 345.00 pence
Year-to-date change: down 22%
By Tapan Panchal; [email protected]
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