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Hotel Chocolat sees surge in pre-tax profit

Chocolatier Hotel Chocolat grew its pre-tax profit before exceptional items by 181% to £8.2 million in the year to 26 June.

GENERAL MERCHANDISE

Hotel Chocolat sees surge in pre-tax profit

Chocolatier Hotel Chocolat grew its pre-tax profit before exceptional items by 181% to £8.2 million in the year to 26 June.

Revenue increased by 12% to £91.1 million as digital revenue climbed by 20%. EBITDA rose by 57% to £12.3 million.

During the period Hotel Chocolat opened seven new stores to take the total number to 83. It also increased capacity at its Huntington chocolate factory by over 20%

Angus Thirlwell, founder and chief executive of Hotel Chocolat, said: “I am very pleased with our performance since we were admitted to trading on AIM in May this year. Our results are strong, the Hotel Chocolat brand has continued to strengthen and we have made good progress with our three strategic priorities of investing further in our British chocolate manufacturing operations, growing our store estate and developing our digital offering.“

Since the end of the financial period, Hotel Chocolat has opened three stores in Worcester, Peterborough and Chelmsford, and signed leases on a further five shops including its first Designer Outlet store at Cheshire Oaks.

In addition, the company expects its new website to launch in the first half of 2017.

Looking ahead, Thirlwell said: “Our plans for the peak winter season are well set and I am confident that our Christmas ranges will be our best ever, as customers continue to appreciate our “more cocoa, less sugar” approach throughout all our categories. I look forward to further progress in the year ahead.”

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