Hilton Food Group Sees Revenue Up 21.9% In Full-Year 2018
Hilton Food Group has posted a 21.9% increase in revenue for the year to end 30 December 2018, at constant currency levels.
The group posted sales of £1.65 billion (€1.93 billion) for the period, following the integration of the Seachill business into the group, as well as the group obtaining full control of its Australian joint venture facilities.
Volume growth was up 13.5% for the year.
Adjusted operating profit was up 28.2% at constant currency levels, with adjusted profit before tax rising 23.3%.
"In 2018, we continued to deliver on our strategic objectives to build a significantly bigger and more diversified business," executive chairman Robert Watson said.
"Seachill's integration together with the new shellfish business win has driven volume and profit growth further supported in Australia through the start of production and transfer of operational control in the joint venture facilities. We are adding another protein to our offering through an agreement to invest in leading vegetarian producer Dalco and continue to explore further opportunities in both domestic and overseas markets."
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.