Meat packer Hilton Food Group said trading for the 28 weeks to 18 July has been in line with expectations, driven by volume growth across Western and Central Europe.
In a trading update published today (22 July), the firm said raw material pricing remains “relatively stable” across most of its markets.
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Hilton said it is making good progress with the development of a new facility in Denmark, with construction under way. Production is expected to commence in the second quarter of 2011.
Robert Watson, chief executive said: “We are pleased to have continued growing volumes across the business. Although there may be further economic challenges ahead, we believe that Hilton will continue to make progress during the second half of the year.”
Hilton said it has delivered strong volume growth in Central Europe, where it has grown customer volumes and continued to roll-out exports to Rimi stores in the Baltic states of Latvia, Lithuania and more recently, Estonia.
“We will continue looking to grow our business with our existing customers and also by exploring geographic expansion prospects,” the firm added.
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By GlobalDataHilton’s half-year results are expected to be published on 14 September.
