UK-based private-label meat packer Hilton Food Group has reported higher annual sales on the back of “good growth” in the Netherlands and central Europe.
The company, which supplies retailers including Tesco and Ahold, said it had “delivered further turnover growth” during the 52 weeks to 2 January.
Go deeper with GlobalData
Hilton is due to publish its full-year results in March and did not provide specific sales data but it did reveal progress in Netherlands, central Europe and Sweden.
“We have continued to see good growth particularly in the Netherlands and Central Europe, the latter driven by increased volumes across all our business segments,” Hilton said today (14 January). “In Sweden, the economy has shown signs of recovery over the last few months and we are pleased that this has translated into higher sales to our customer.”
Looking ahead, Hilton said the trading environment in 2011 was “likely to remain challenging” but the company insisted it was “well placed to deliver continued growth”.
Shares in Hilton, however, were down 3% at 271.5p at 12:17 GMT.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
