UK meat packer Hilton Food Group said its trading to date has been in line with expectations, despite “challenging” conditions in some markets.
In a trading update ahead of its AGM today (15 May), the meat group said it has made “good progress” in a number of markets in Western Europe. Hilton said it has recorded turnover growth in Sweden, and its Dutch business is benefiting from new product lines.
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Its UK and Ireland businesses, however, remained “challenging”, it said, while Central Europe where the firm supplies to seven countries performed “well”.
Hilton said the group’s financial position remains “strong”, with no significant changes since the financial year-end when it booked a slight increase in profit boosted by higher sales.
The company said it continues to explore opportunities to grow the business in both domestic and overseas markets.
Hilton will issue a pre-close trading statement on 18 July.
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