Hilton Food Group PLC Trading Statement (5709B)

TIDMHFG

RNS Number : 5709B

Hilton Food Group PLC

09 January 2015

9th January 2015

HILTON FOOD GROUP PLC

TRADING STATEMENT FOR THE 52 WEEKS ENDED 28(th) DECEMBER 2014

Hilton Food Group plc ("Hilton" or the "Group"), the leading specialist international meat packing business, is today providing an update on trading for the 52 weeks ended 28th December 2014. The Group intends to publish its full year results on 25th March 2015.

We are pleased to report that the Group has performed in line with the Board's expectations. In Western Europe, additional volumes in our UK business as well as higher volumes in Holland were the primary drivers of growth. Volume growth in these countries was partly offset by weak demand in Ireland, which has now resumed growth and lower volumes in Denmark. Performance in Sweden was steady. In Central Europe, which remains a competitive environment, the Group's performance has been in line with our expectations, with growth achieved in Poland. Turnover continues to be adversly affected by the impact of foreign exchange translation and lower raw material prices.

Hilton's joint venture in Australia continues to make good progress. The Bunbury conversion is complete and continues to perform well, with the Victoria plant on schedule to open in the third quarter of 2015. The outlook for 2015 remains positive, with the facility investment in Huntingdon expected to be commissioned by the end of the first quarter of 2015, despite some markets in continental Europe expected to remain subdued.

The Group's financial position remains strong, leaving us well positioned for future expansion and we remain well placed to deliver continued growth over the medium term and will continue to explore further opportunities to develop our business in both domestic and overseas markets.

Enquiries:

 
 Hilton Food Group plc                Tel: +44 (0)1480 387214 
 Robert Watson OBE, Chief Executive 
 Nigel Majewski, Finance Director 
 
 Citigate Dewe Rogerson               Tel: +44 (0) 20 7282 
                                       2941 
 Angharad Couch

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTBUGDBRXGBGUR

Hilton Food (LSE:HFG)
過去株価チャート
から 9 2024 まで 10 2024