UK-based meat packer Hilton Food Group said today (14 January) that trading remained “strong” throughout 2009, with “robust” growth in central Europe.
In a trading update for the 53 weeks ended 3 January, Hilton Food said it delivered further turnover growth, thanks to volume increases and the benefit of stronger currencies in its overseas markets.
Growth in central Europe was supplemented by new exports to Latvia and Lithuania during the year.
The group’s Irish breakfast meats business, which came on stream in August 2008, contributed “positively”, while its spreadables meat scheme in the Netherlands also made “good progress” since beginning production in July last year.
Hilton said an agreement reached with Coop Danmark in November to invest in and set up a new venture in Denmark will benefit the firm – and that “plans and resources are in place” to ensure that it successfully executes the project.
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By GlobalData“The trading environment in 2010 is likely to remain challenging, but we believe Hilton is well placed to deliver continued growth. We continue to explore further opportunities to develop our business in both domestic and overseas markets,” Hilton said.
The group will publish its full-year results on 31 March.
