Hilton Food Group Sees 'Good Progress' In Western Europe
Hilton Food Group has reported 'good progress' in several markets in Western Europe for the period 15th July to 31 October.
The group's overall performance was in line with the board's expectations for the period, it said.
It attributed its growth to additional volumes and close cooperation with retail partners.
The company said its financial position is strong and it will continue to explore opportunities to invest in and to grow its business in both domestic and overseas markets.
The company said its turnover continued to grow in the UK, driven by higher Tesco red meat volumes as well as increased Seachill volumes.
The food packing company also reached an agreement to pack 100% of Tesco's red meat.
In Holland, its performance was boosted by sales of vegetarian and vegan products produced by Dalco.
The company reported flat volumes in Sweden and Denmark, where it recently started selling pizzas.
In Australia, the food group saw double-digit volume growth from its businesses, including a joint venture in Bunbury and Victoria.
Its new facility in Queensland also commenced production, in line with a revised accelerated plan, the company said.
© 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.