Company
LON:HOTC
Hotel Chocolat is a vertically integrated chocolatier, manufacturing and retailing premium chocolate and chocolate-related products direct to customers. The Group sells its products online and through a network of 84 stores in the UK and abroad, and in the year ended 28 June 2015 had an audited revenue and EBITDA of £81.1 million and £7.9 million respectively. The business was founded in 1993 by Angus Thirlwell and Peter Harris and has traded under the Hotel Chocolat brand since 2003.
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For the year to June 27, the confectionary retailer reported that revenues for the period were £165mln, a 21% increase year-on-year and a 24% rise on 2019, the last full year before the pandemic
Loss-making Rabot was established in 2016 with non-executive chairman Andrew Gerrie
The chocolatier posted a jump in sales thanks to its growing digital subscribers base
The chocolatier posted good interim numbers as online performance made up for losses in physical stores
Sales jumped 19% in the second quarter and current performance remains in line with expectations
“The acceleration of change in the retail landscape has galvanised us to speed up our plans and investments in the opportunities we were already pursuing."
The retailer has secured a £35mln revolving credit facility which adds to the £22mln fundraise it conducted last month
The chocolatier continues to expand both in the UK and internationally, receiving "encouraging" response
The premium chocolate retailer is shifting from a UK-based business to an international supplier
The chocolate maker exceeded expectations with 14% higher revenues, share prices climbing 3%
The AIM 100 chocolatier said new initiatives such as a loyalty scheme and its Velvetiser in-home drinking chocolate system had helped boost sales in its last financial year
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Our portfolio of nine AIM companies which passed all of Piotroski’s checks is still in the red, but it has clawed back most of its initial losses
“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,” Liberum said
In an update for the 13 weeks to 30 December, the AIM 100 firm said revenues had risen 15% year-on-year with growth across its retail, digital, and wholesale channels
The luxury chocolatier's new store is located in the country’s largest shopping mall
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Analysts said that the AIM 100 group had a well-known and accessible brand with a “strong niche” in the luxury chocolate market that, “crucially”, had barriers to entry
