AGM Statement

RNS Number : 2564A
Churchill China PLC
01 June 2021
 

For immediate release

1 June 2021

 

 

 

CHURCHILL CHINA plc

("Churchill China" or the "Company")

 

AGM STATEMENT

 

 

Churchill China plc (AIM: CHH), the manufacturer of innovative performance ceramic products serving hospitality markets worldwide, will hold its Annual General Meeting at 12 noon today. At the meeting, Alan McWalter, Chairman, will make the following statement:

"I would like to update you on the positive progress our business has made since our 2020 Preliminary Results announcement on 19 April 2021.

In our Preliminary Results announcement we advised that, following a quiet first quarter given COVID-related market constraints, we were beginning to see growing evidence of a recovery in hospitality activity and sales as these restrictions were relaxed. I am pleased to report that this increased activity has continued over the following six weeks and we now enjoy a healthy order book. This improvement has been most evident in the UK, but we have also been encouraged by stronger trading in Europe and other export markets. We believe our decision to maintain operating levels will stand us in good stead and that the level of momentum within the business will allow us to meet our target performance levels both in the short and longer term.

Whilst the Company is currently trading in line with the Board's expectations, we remain mindful of the potential for further impact on our revenues and operations from future market restrictions and therefore continue to maintain operating flexibility and a sound financial base."

For further information, please contact:

 

Churchill China plc

Tel: 01782 577566

David O'Connor / David Taylor / James Roper




Buchanan

Tel: 020 7466 5000

Mark Court / Sophie Wills / Charlotte Slater




Investec

Tel: 020 7597 5970 

David Flin / Alex Wright

 


 

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