Hilton Food Group PLC Trading Update (8857F)
18 July 2019 - 4:00PM
UK Regulatory
TIDMHFG
RNS Number : 8857F
Hilton Food Group PLC
18 July 2019
Hilton Food Group plc
18 July 2019
TRADING UPDATE
Hilton Food Group plc ("Hilton" or the "Group"), the leading
international specialist food packing business, is today providing
a trading update for the 28 weeks ended 14(th) July 2019.
During the period, the Group's performance has been in line with
the Board's expectations. We continue to grow the business through
additional volumes and close cooperation with our retail
partners.
In Western Europe, we have made good progress in a number of
markets. In the UK, turnover has continued to grow relative to last
year, reflecting strong volume growth in the Seachill fish business
which was boosted by recent business wins; our Irish business has
also experienced top-line growth in the first half. Holland's
turnover is a little lower than in 2018, though we are already
seeing an encouraging contribution from our share of the Dalco
vegetarian business. In Portugal, we delivered growth in the first
half and are continuing to show good progress.
In Central Europe, where Hilton supplies customers in seven
countries, the performance in the first half has continued in line
with our expectations and included the successful start-up of the
new Fresh Food facility.
In Australia, we have seen strong double-digit growth in the
first half, underpinned by the volumes being processed at the
Morningside satellite facility in Brisbane, Queensland. Production
at the new state-of-the-art facility at Heathwood in Brisbane will
begin in the third quarter of 2019 and that should ensure continued
growth momentum. Progress in developing the facility in New
Zealand, including a fish unit, has also continued in line with our
plans.
The Group's financial position remains strong with bank
facilities in place to support current and future growth. Hilton
continues to explore opportunities to invest and grow the business
in both domestic and overseas markets.
The Group intends to publish its interim results for the 28
weeks ended 14(th) July 2019 on 10(th) September 2019.
For further information please contact:
Hilton Food Group plc Tel: +44 (0) 1480 387214
Robert Watson, OBE, Executive Chairman
Philip Heffer, CEO
Nigel Majewski, CFO
Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571
Angharad Couch
Ellen Wilton
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END
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