Hilton Food Group Performs 'In Line With Expectations' In First Half
Hilton Food Group has announced that its 'performance has been in line with the board's expectations' in the 28 weeks ended 14 July 2019.
The meat and seafood producer issued a trading update for the period, without any sales figures, ahead of its half-year results scheduled to be declared on 10 September 2019.
The company said that business was boosted by additional volumes and close cooperation with retail partners.
Performance In Europe
In Western Europe, the company 'made good progress' in several markets, it said.
Hilton saw strong volume growth in the Seachill fish business in the UK, while its Irish business experienced top-line growth.
Turnover in Holland was 'a little lower' when compared with the same period last year, despite 'an encouraging contribution' from its share in the Dalco vegetarian business, the company said.
In Portugal, the company witnessed growth in the first half, while in Central Europe its performance was in line with expectations.
In Australia, Hilton saw strong double-digit growth in the first half mainly because of the volumes processed at its Morningside satellite facility in Brisbane in Queensland, it said.
Production at its new facility in Heathwood in Brisbane is scheduled to begin in the third quarter of 2019 and should ensure continued growth momentum.
The company's outlook is positive, with a strong financial position as bank facilities remain in place to support its current and future growth, it said.
It will continue to explore opportunities for growth and investment in both domestic and overseas markets.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.