TIDMCHH

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

AGMDKFBBQBKDPPB

(END) Dow Jones Newswires

June 01, 2021 02:00 ET (06:00 GMT)

Churchill China (LSE:CHH)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Churchill China Charts.
Churchill China (LSE:CHH)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Churchill China Charts.