REG - Churchill China PLC - AGM Statement

Churchill ChinaAnnouncement

01/06/2021 07:05

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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