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Churchill China ( (GB:CHH) ) just unveiled an update.
Churchill China plc has announced a trading update indicating that the company is facing challenges in the hospitality markets, with reduced demand particularly in export markets. Despite robust sales in the UK and USA, European and other international markets are lagging, with the German market proving particularly difficult. The company has adjusted its production in line with new demand profiles, but this has resulted in lower factory recoveries and reduced margins. Churchill China is focusing on capital projects to improve agility and cost structure, and is accelerating new product introductions to restore growth. However, the company expects to deliver revenue and profits significantly below the previous year, although it remains optimistic about medium-term market recovery and long-term business potential.
More about Churchill China
Churchill China plc is a manufacturer of innovative performance ceramic products, primarily serving the hospitality markets worldwide.
Average Trading Volume: 35,012
Technical Sentiment Signal: Strong Sell
Current Market Cap: £62.14M
See more insights into CHH stock on TipRanks’ Stock Analysis page.