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10 Jan 2019 | 08:54

Hilton Food Group performance meets expectations on strength in UK, Ireland

Food packing business Hilton Food Group said annual performance met management expectations as higher turnover in the UK and Ireland propped up sales growth.

In the UK, there was 'steady' growth in the red meats segment and a 'significant' contribution from Seachill, which had also benefitted from sales of shellfish to Tesco, the company said. But Sweden and Denmark saw sales growth slow.

Hilton's business in Australia had also progressed well, delivering strong year-on-year double digit growth, driven by 'the incremental volume in the satellite facility in Brisbane as well as by higher Victoria plant volumes,' the company said.

In Central Europe, meanwhile, performance had continued to improve as expected in the second half of the year. 'Hilton's trading outlook remains positive, with growth prospects underpinned by the expansion plans previously announced covering Australia, Central Europe and subsequently New Zealand, as well as further opportunities arising from the Seachill acquisition,' the company said. At 8:54am: (LON:HFG) Hilton Food Group PLC share price was +3p at 959p

Story provided by StockMarketWire.com
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