REG - Hilton Food Grp Plc - TRADING STATEMENT FOR THE 28 WEEKS ENDED 13th JULY <Origin Href="QuoteRef">HFG.L</Origin>

Hilton FoodAnnouncement

06/09/2014 16:45

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RNS Number : 4608M
Hilton Food Group PLC
17 July 2014 
 
Hilton Food Group plc 
 
17th July 2014 
 
TRADING STATEMENT FOR THE 28 WEEKS ENDED 13th 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 13th 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 13th
July 2014 on  9th 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