Churchill China PLC (LON:CHH) has said it continues to enjoy good trading levels across its business and remains confident that its full-year performance “will be in line with market expectations.”
At its Annual General Meeting to be held later today, the ceramic products firm’s chairman, Alan McWalter will tell shareholders: “Growth has remained strong in Europe, supported by the opening of our Rotterdam distribution centre. Recent new product introductions continue to be well received, further improving the proportion of our revenue in sales of technically differentiated added value product.”
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In the statement to be delivered at the AGM, he added: “We continue to create opportunities to develop our business and we have increased the level of investment within our operations in the first months of 2019 to support this.
“We expect this investment to continue as part of our long term approach to value generation. The integration of the Dudson brand and products purchased in April into Churchill is proceeding well.”
Churchill China also revealed that after more than forty-five years of service to the group since 1973, its former chief executive Andrew Roper has informed the board of his intention to retire as a non-executive director in August 2020.