REG - Hilton Food Grp Plc - Trading Update

Hilton FoodAnnouncement

05/11/2024 07:00

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RNS Number : 8746K  Hilton Food Group PLC  05 November 2024

5(th) November 2024

 

HILTON FOOD GROUP PLC

TRADING UPDATE

 

Current trading in line with Board's expectations

Strong volume growth sustained across all operating regions

 

Hilton Food Group plc ('Hilton Foods' or 'The Group'), the leading
international multi-protein food business, today announces a Q3 trading update
for the period from 1(st) July 2024 to 19(th) October 2024.

Trading

The strong performance delivered in the first half of the year has continued
in the third quarter across all three geographical operating regions, with
trading in line with the Board's expectations.

·  The Seafood business is performing in line with expectations and within
UK & Ireland, we continue to grow core meat volumes and revenues.

 

·  In Europe, core meat ranges and convenience meals have performed
strongly and we are continuing to implement our recovery plan for Dalco within
the vegan and vegetarian segment.

 

• APAC has performed strongly and whilst, as expected, deflation in raw
material prices has had an impact on revenue, volumes have remained strong.

Hilton Foods is well positioned in a large, attractive multi-channel marketplace, supported by long-standing customer partnerships, a diverse product range, and a growing global footprint, all backed by modern, high-tech, automated facilities.

 

Outlook

Hilton Foods continues to trade in line with the Board's full year
expectations. The Group's financial position remains strong, enabling the
business to continue to invest in opportunities that align with our strategic
priorities.

The Group expects to announce the publication date for its results for the 52
weeks ending 29(th) December 2024 in its Trading Update on 9(th) January 2025.

 

Steve Murrells CBE, Group Chief Executive of Hilton Foods said:

"This has been a further period of progress for Hilton Foods. The strength of
our quality products has continued to underpin our customer relationships as
we target further international growth.

"In the final quarter of the year, we remain confident in delivering our full
year in line with our expectations and I would like to thank all our teams
around the world, who continue to deliver for our customer partners."

 

 

For further information please contact:

 

 Hilton Food Group plc                    Tel: +44 (0) 1480 387214
 Steve Murrells, Chief Executive Officer

 Matt Osborne, Chief Financial Officer

 Headland Consultancy                     Tel: +44 (0) 20 3805 4822
 Susanna Voyle                            Email: hiltonfood@headlandconsultancy.com
                                          (mailto:hiltonfood@headlandconsultancy.com)
 Will Smith
 Joanna Clark

 

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