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18 Jul 2019 | 08:39

Hilton Food Group says first-half performance met expectations as momentum continues

Hilton Food Group said performance in the first half met management's expectations as the Food packing company continued to grow the business through additional volumes and close cooperation with its retail partners. The company cited 'good progress' in a number of markets in Western Europe; with ongoing sales growth in the UK, driven by strong volume growth in the Seachill fish business which was boosted by recent business wins. Its Irish business had also experienced top-line growth in the first half, but in Holland turnover was a little lower than in 2018. In Central Europe, where Hilton supplies customers in seven countries, the performance in the first half had continued in line with its expectations and included the successful start-up of the new Fresh Food facility.

In Australia, the company reported 'strong' double-digit growth in the first half, underpinned by the volumes being processed at the Morningside satellite facility in Brisbane, Queensland.

Production at the new facility at Heathwood in Brisbane would begin in the third quarter of 2019 and that 'should ensure continued growth momentum,' the company said.



At 8:39am: (LON:HFG) Hilton Food Group PLC share price was +15p at 956p

Story provided by StockMarketWire.com
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