Hilton Food Group PLC Trading Update (6080Z)
2019年5月21日 - 3:00PM
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RNS Number : 6080Z
Hilton Food Group PLC
21 May 2019
Hilton Food Group plc
21(st) May 2019
TRADING UPDATE
Hilton Food Group plc ("Hilton" or the "Group"), the leading
specialist international food packing business, is today providing
a trading update for the period from 31(st) December 2018 to date,
ahead of its Annual General Meeting to be held at noon today.
During the period, the Group's trading has been in line with the
Board's expectations. We have continued to grow the business
through additional volumes and close cooperation with our retail
partners. We have also completed the purchase of a 50% share of
Dalco, a leading vegetarian product manufacturer based in Oss, the
Netherlands and the acquisition of HFR Solutions, a sous vide
manufacturer based in the UK, further extending the range of
proteins offered by Hilton to its customers.
In Western Europe we have made good progress in a number of
markets. In the UK, turnover has grown relative to last year in the
red meat business, and recently we have also started to pack
barbeque chicken products. Our fish business Seachill has continued
to grow compared with 2018, underpinned by recent business wins.
Our Irish operation has also continued to experience encouraging
top-line growth. In Denmark, although turnover is lower we have
seen a pick-up towards the end of the period as we explore ways of
delivering further volume gains. In Sweden, we have seen top line
growth compared to prior year. In our Dutch market, we are
continuing to perform well, providing support to our customer
through a focus on new product and packaging development as well as
other initiatives. The JV business in Portugal is continuing to
show good progress, whilst in Central Europe, we are pleased to
have seen a successful start-up of the Fresh Food factory in Tychy,
Poland.
In Australia, we have continued to see strong growth ahead of
the opening of the Queensland plant, which is expected to take
place in the third quarter of 2019. Work continues on the New
Zealand facility, which will incorporate a fish packing unit and
leverage the experience we have acquired from the acquisition of
Seachill.
The Group's financial position remains strong, having put in
place facilities to cover current expansion plans. Hilton continues
to explore opportunities in which to invest and to grow the
business both domestically and in overseas markets and we are also
exploring a number of options for growth with our existing
customers.
The Group intends to publish its 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, 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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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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