Hilton Food Group said today (14 January) its performance in the year to 3 January came in “ahead of the board’s expectations”. 

In western Europe, the UK-based meat packer said volume growth in its domestic market and the Netherlands more than offset lower demand in Denmark. Sweden “remained steady”, the company added.

In central Europe, Hilton said conditions were “competitive” but it nevertheless performed “in line” with forecasts with growth in Poland, Hungary and the Baltics. Elsewhere, Hilton said its joint venture with Woolworths plc in Australia “continued to make good progress” and was “positioned for future expansion”. 

Looking to 2016, Hilton said: “Although the environment remains competitive, the outlook for 2016 remains positive. The group’s financial position remains strong, leaving us well positioned for future expansion.  We remain well placed to deliver continued growth over the medium term and will continue to explore further opportunities to develop our business in both domestic and overseas markets.”

Analysts at Shore Capital upgraded their expectations based on the trading update. “We are upgrading our FY2015 forecasts by 4.5%, taking our core pre-tax profit expectation from GBP25.9m (US$37.2m), to GBP27m, EPS of 26.4p, so growth of circa 7% year-on-year despite currency headwinds across its activities we estimate at 6-7%.”

Hilton is scheduled to publish its full fiscal 2015 results at the end of March. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.