Hilton Food Group PLC TRADING STATEMENT FOR THE 28 WEEKS ENDED 13th JULY (4608M)
2014年7月17日 - 3:00PM
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RNS Number : 4608M
Hilton Food Group PLC
17 July 2014
Hilton Food Group plc
17(th) July 2014
TRADING STATEMENT FOR THE 28 WEEKS ENDED 13(th) JULY
Hilton Food Group plc, the leading specialist retail meat
packing business supplying major international retailers in Europe
and Australia, provides its Trading Update for the 28 weeks ended
13(th) July.
During the period, the Group's performance has been in line with
the Board's expectations. As anticipated, challenging conditions
for the consumer have been experienced in some countries and the
continuing appreciation of sterling against a number of the
currencies in which Hilton trades will have an effect on our
results, as reported in sterling. Meanwhile we have continued to
grow the business,through additional volumes and close cooperation
with our retail partners.
In Western Europe we have made good progress against a backdrop
of lower raw material prices. In the UK, under our new agreement
with Tesco, volumes have continued to build towards anticipated
levels. In the Dutch market, where the economy has been subdued, we
are benefiting from new product lines introduced in 2013. In
Sweden, development work to renew facilities and extend capacity is
progressing well. The Irish business, as expected, remains
constrained by local conditions, though we are well placed to
support business growth once the economy improves. In Central
Europe, we continue to work closely with our customers across seven
countries to support business development.
In Australia, development work by the Joint Venture at Victoria
is proceeding in line with the agreed plan, with construction well
underway.
The Group's financial position remains strong and Hilton
continues to explore opportunities to grow the business in both
domestic and overseas markets.
The Group expects to publish its Half Year results for the 28
weeks ended 13(th) July 2014 on 9(th) September 2014.
For further information please contact:
Hilton Food Group plc Tel: +44 (0)1480 387214
Robert Watson, OBE, Chief Executive
Nigel Majewski, Finance Director
Citigate Dewe Rogerson Tel: +44 (0)207 282 2889
Tom Baldock
Shabnam Bashir
This information is provided by RNS
The company news service from the London Stock Exchange
END
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