Share Prices & Company Research

Market News

21 May 2019 | 07:21

Hilton food Group says trading in line with expectations amid 'good progress' in Western Europe

Hilton food Group said trading since the start of the year had been in line with expectations as the company made 'good progress' in a number of Western European markets. In Western Europe, the company made 'good progress' in a number markets. In the UK, turnover had grown relative to last year in the red meat business, and recently the company also started to pack barbeque chicken products, while its fish business Seachill continued to grow compared with 2018, underpinned by recent business wins. In Australia, the company continued to see 'strong growth' ahead of the opening of the Queensland plant, which was expected to take place in the third quarter of 2019. The company also completed the purchase of a 50% share of Dalco, a vegetarian product manufacturer based in Oss, the Netherlands and the acquisition of HFR Solutions, a sous vide manufacturer based in the UK, further extending the range of proteins offered by Hilton to its customers. 'The Group's financial position remains strong, having put in place facilities to cover current expansion plans. Hilton continues to explore opportunities in which to invest and to grow the business both domestically and in overseas markets and we are also exploring a number of options for growth with our existing customers,' the company said.

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.