5th November
2024
HILTON FOOD GROUP PLC
TRADING UPDATE
Current trading in line with Board's
expectations
Strong volume growth sustained across all
operating regions
Hilton
Food Group plc ('Hilton Foods' or 'The Group'), the leading
international multi-protein food business, today announces a Q3
trading update for the period from 1st July 2024 to
19th October 2024.
Trading
The strong performance delivered in the
first half of the year has continued in the third quarter across
all three geographical operating regions, with trading in line with
the Board's expectations.
· The Seafood business is performing in line
with expectations and within UK & Ireland, we continue to grow
core meat volumes and revenues.
· In Europe, core meat ranges and convenience
meals have performed strongly and we are continuing to implement
our recovery plan for Dalco within the vegan and vegetarian
segment.
• APAC has performed strongly and
whilst, as expected, deflation in raw material prices has had an
impact on revenue, volumes have remained strong.
Hilton Foods is
well positioned in a large, attractive multi-channel marketplace,
supported by long-standing customer partnerships, a diverse product
range, and a growing global footprint, all backed by modern,
high-tech, automated facilities.
Outlook
Hilton Foods continues to trade in line with
the Board's full year expectations. The Group's financial position remains
strong, enabling the business to continue to invest in
opportunities that align with our strategic
priorities.
The
Group expects to announce the publication date for its results for
the 52 weeks ending 29th December 2024 in its Trading
Update on 9th January 2025.
Steve Murrells CBE, Group Chief
Executive of Hilton Foods said:
"This
has been a further period of progress for Hilton Foods. The
strength of our quality products has continued to underpin our
customer relationships as we target further international
growth.
"In the
final quarter of the year, we remain confident in delivering our
full year in line with our expectations and I would like to thank
all our teams around the world, who continue to deliver for our
customer partners."
For further information please
contact:
|
Hilton Food Group
plc
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Tel: +44 (0) 1480
387214
|
|
Steve
Murrells, Chief Executive Officer
Matt
Osborne, Chief Financial Officer
|
|
|
Headland Consultancy
|
Tel: +44 (0) 20 3805
4822
|
|
Susanna
Voyle
|
Email: hiltonfood@headlandconsultancy.com
|
|
Will
Smith
|
|
|
Joanna
Clark
|
|
