// Hotel Chocolat pre-tax profit up 11% to £14.1m
// Revenue up 14% to £132.5m
// Underlying EBITDA rose 9% to £20.7m
Hotel Chocolat has recorded a sales rise amid what chief executive Angus Thirlwell described as a “year of significant progress”.
In the 52 weeks ended June 30, the confectionery retailer’s pre-tax profit rose by 11 per cent to £14.1 million, driven by a 14 per cent rise in revenue to £132.5 million.
Underlying EBITDA rose nine per cent to £20.7 million, compared with an £18.9 million rise in 2018.
Hotel Chocolat opened 14 new stores across the UK and Ireland during the year as well as two new US stores.
In the period, it also signed up 900,000 members to its VIP Me loyalty scheme.
“I am pleased to report another year of significant progress for the group with profits growing slightly ahead of expectations,” Hotel Chocolat chief executive Angus Thirlwell said.
“In the UK, our physical locations performed well, reflecting their allure and relevance.
“Profit from existing group operations increased faster than sales growth, enabling us to invest in new markets.
“We are confident that our international expansion will continue to develop well.
“Our focus on USA and Japan, two of the three largest economies in the world, led to four locations opening, with a further five opening over the next six months.”