Hilton Food Group PLC Trading Update (6065Q)
2021年10月29日 - 3:00PM
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RNS Number : 6065Q
Hilton Food Group PLC
29 October 2021
Hilton Food Group plc
29(th) October 2021
TRADING UPDATE
Hilton Food Group plc ("Hilton" or the "Group"), the leading
international multi-protein food business, is today providing a
trading update for the period 19(th) July 2021 to date.
During the period, the Group's trading has been in line with the
Board's expectations. We have continued to grow the business,
driven predominantly by the successful rollout of our growth
strategy in Australia and Asia Pacific, as well as through
continued expansion across a range of protein categories.
In Australia, we are successfully operating as a unified
business covering the sites of Bunbury (Western Australia),
Melbourne (Victoria) and Brisbane (Queensland). The tightening of
restrictions in Victoria and NSW states during the quarter led to
increased home consumption and strong volume growth from our
business, with the Queensland facilty having been fully rolled-out.
The New Zealand facility, our first multi-protein food park, opened
in the first week of July and volume has continued to increase
during the quarter.
In Europe, we have continued to make good progress in a number
of markets with overall regional revenue, as expected, relatively
flat for the quarter, reflecting the increase in the number of
consumers eating out following the re-opening of food service. We
have however seen growth in the slow cooked business in the UK, as
well as in Central Europe, with continued volume growth in fresh
food across both Tesco and Zabka. We have made demonstrable
progress expanding the business across a wider range of protein
categories; in Denmark we are packing chicken and vegetable protein
products, and in Holland we will benefit from the purchase of the
remaining 50% of Dalco, which completed on 1(st) October. Our
trading subsidiary Hilton Food Solutions has also performed well,
due to the re-opening of food service, as well as through
successful trading with European customers. In Belgium, we are
continuing to progress the insurance claim for the fire that took
place in H1.
The Group's financial position remains strong and we continue to
explore opportunities to invest in and to grow the business in both
domestic and overseas markets.
The Group will announce the publication date for its results for
the 52 weeks ending on 2(nd) January 2022 in its January Trading
Update on 13(th) January 2022.
For further information please contact:
Hilton Food Group plc Tel: +44 (0) 1480 387214
Philip Heffer, Chief Executive Officer
Nigel Majewski, Chief Financial Officer
Headland Consultancy Tel: +44 (0) 20 3805 4822
Edward Young
Will Smith
Joanna Clark
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October 29, 2021 02:00 ET (06:00 GMT)
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