Hilton Food Group PLC Trading Statement (9393H)
2012年7月19日 - 3:00PM
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RNS Number : 9393H
Hilton Food Group PLC
19 July 2012
19th July 2012
HILTON FOOD GROUP PLC
TRADING STATEMENT FOR THE 28 WEEKS ENDED 15th JULY 2012
Hilton Food Group plc ("Hilton" or "Company"), Europe's leading
specialist retail meat packing business, is today providing an
update on trading for the 28 weeks ended 15th July 2012.
Against a background of challenging market conditions and
constrained consumer demand, leading to downtrading in some of our
markets, the Company has continued to deliver turnover growth.
Meanwhile, as anticipated, raw material prices throughout the
period have remained high, while the weakening of the Euro, Swedish
Krona and Polish Zloty has resulted in a negative foreign currency
translation effect when compared to the same period last year.
Hilton has seen turnover growth in Western Europe, primarily
driven by growth in Denmark, which started production at the end of
the first quarter 2011 and where the store order picking facility
has started up successfully. The Swedish business has performed
well, albeit that growth has slowed in line with the broader
economic conditions. Our UK business has grown, but consumer demand
remains constrained and the product mix has been affected by the
continuing high prices of meat. The Dutch business has delivered a
steady performance. The Company has also continued to grow the
business in Central Europe.
The Company's balance sheet remains strong, leaving us
financially well placed for future expansion.
Whilst the trading environment for the rest of 2012 is likely to
remain challenging, Hilton is a geographically diversified company
that will be able to take advantage of subsequent economic
recovery. As opportunities emerge, Hilton is well placed to deliver
shareholder value, building on existing customer relationships and
also by entering new markets.
The Group intends to publish its half year results on Tuesday
11th September 2012.
For further information please contact:
Hilton Food Group plc Tel: +44 (0)1480 387 214
Robert Watson OBE, Chief Executive
Nigel Majewski, Finance Director
Citigate Dewe Rogerson Tel: +44 (0)207 282 2889
Tom Baldock
Clare Simonds
This information is provided by RNS
The company news service from the London Stock Exchange
END
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