Churchill China trading ahead of expectations
By Sean Farrell
Date: Friday 05 Jul 2019
(Sharecast News) - Churchill China said annual trading would be better than expected after its hospitality business performed better than forecast in the first half.
The maker of ceramics and cutlery said: "In the first half of the year our business has continued to perform well. Hospitality revenue growth has been ahead of our initial expectations, with the majority of this outperformance again being attributable to further progress in Europe. We now anticipate trading performance will be ahead of our earlier expectations for the full year."
Churchill, founded in 1795, produces plates and other tableware from its factory in Stoke on Trent for the hospitality industry in more than 70 countries. Hospitality sales make up more than 90% of revenue and the company has been shrinking its retail business.
The AIM-listed company will report results for the six months to the end of June on 29 August.
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