Hilton Food Group today (3 November) reported growth in local turnover in most of the UK meat packer’s markets.
In a trading update for the period from 18 July to date, Hilton said it continued to benefit from last year’s investment in capacity expansion in the UK. Meanwhile, in Australia, Hilton said its joint venture with retailer Woolworths Ltd is “making excellent progress”, with volume roll-out ahead of expectations.
Go deeper with GlobalData
In the Netherlands, Hilton said sales remained “relatively flat” as it lapped a strong quarter last year. In Sweden, the company said it was “encouraged” by the cost performance arising from investments to upgrade production lines. In central Europe, Hilton said trading was “in line” with expectations, with growth in Poland and Hungary in particular.
However, on a less positive note, Hilton noted “conditions in Denmark remain challenging”.
The company added that its financial position “remains strong” providing flexibility to “explore opportunities to grow the business in both domestic and overseas markets”.
See Also:
Hilton will issue its full-year results on 12 January.
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.
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
