Specialist meat packer Hilton Food Group reported trading for the period to 13 July as “robust” with turnover growth underpinned by a “solid performance” across its territories.
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Results for the 28-week period also benefited from increased promotional volumes and the positive impact of foreign currency translation, despite the rising cost of raw materials as stated in the company’s first interim management statement.
“We have been able to continue growing the business, despite rising raw material prices,” said Robert Watson, chief executive. “Although we are in a difficult trading environment, we believe that our business will prove itself to be resilient.”
The company reported further progress with its trial to supply Tesco stores in Central Europe from its plant in Tychy, southern Poland.
Volumes have started to build, with red meat products now supplied to Tesco across the four central European territories of Czech Republic, Hungary, Poland and Slovakia.
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By GlobalData
