Hilton Food Group PLC Trading Update (4340H)
2020年3月25日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMHFG
RNS Number : 4340H
Hilton Food Group PLC
25 March 2020
25(th) March 2020
HILTON FOOD GROUP plc
TRADING UPDATE FOR THE 52 WEEKS ENDED 29(th) DECEMBER 2019
Hilton Food Group plc ("Hilton" or the "Group"), the leading
specialist international food packing business, today announces a
delay in publication of its preliminary results at the request of
the Financial Conduct Authority (FCA). Hilton was ready and
intended to release its preliminary results on 26(th) March
2020.
Hilton is a geographically diversified Group with
state-of-the-art packing facilities in eight countries covering UK,
Europe and Australia. We are pleased to report that the Group has
performed slightly ahead of the Board's expectations, with a
continuation of the strong year-on-year sales and volume growth
during financial year 2019 driven primarily by our operations in
both Australia as well as the UK, and also reflecting good growth
in a number of existing and new markets.
We have also seen good growth across the proteins, covering
Dalco, our vegetarian and vegan business in Holland, as well as the
new Fresh Food facility which opened during 2019 in Poland.
Hilton's business in Australia has performed well, delivering
strong year-on-year growth, reflecting the volumes from the new
plant in Heathwood in Brisbane, as well as incremental volumes from
our plant in Victoria. We expect the previously announced
acquisition of the joint venture assets from Woolworths to take
place at the end of June 2020.
Hilton's trading outlook remains positive, with significant
growth prospects underpinned by the previously announced expansion
plans in Australia, in Central Europe (Fresh Food) and subsequently
in New Zealand, as well as further opportunities arising from the
move into fish via the Seachill acquisition and the roll-out of
vegetarian products. Hilton's financial position remains strong,
having completed 2019 with net bank debt of GBP87m (net of cash of
GBP110m) underpinned by good operating cash flow and with
incremental facilities to fund additional expansion opportunities.
Committed undrawn facilities at the year end were GBP71m, with
additional incremental facilities of c. GBP45m being added in
January to fund the purchase of the Australian joint venture
assets. Hilton remains well placed to deliver continued growth over
the medium term enhanced by further opportunities to develop our
cross category business in both domestic and overseas markets.
Overall, during the currently evolving Covid-19 outbreak, we
remain focussed during these challenging times on the wellbeing of
employees and working with our customers, themselves market leaders
and key suppliers across our territories, to help meet the
currently increasing consumer demand for protein-based products. We
have also established a number of protocols to protect our people
and to minimise contact with our groups. All of our facilities
remain fully operational, and in addition we have established
business continuity and flexible buy models and supply options,
which may be tested during this period as we continue to play our
part in feeding the nation and supporting ongoing demand.
We will await further guidance from the FCA as regards the
timing of the publication of the preliminary results.
Enquiries:
Hilton Food Group plc Tel: +44 (0)1480 387214
Robert Watson, OBE, Executive
Chairman
Philip Heffer, Chief Executive
Officer
Nigel Majewski, Chief Financial
Officer
Citigate Dewe Rogerson Tel: +44 (0) 20 7638
9571
Angharad Couch
Ellen Wilton
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END
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