REG - Hilton Food Grp Plc - AGM Trading Update

Hilton FoodAnnouncement

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RNS Number : 2930J  Hilton Food Group PLC  20 May 2025

20(th) May 2025

Hilton Food Group plc

AGM TRADING UPDATE

Group well-positioned for future growth

Current trading in line with Board's expectations

 

Hilton Food Group plc ("Hilton Foods" or the "Group"), the leading
international multi-protein food business, today provides a trading update for
the period from 1(st) January 2025 to date, ahead of its Annual General
Meeting to be held at noon today.

 

Trading

Trading continues to be in line with the Board's expectations, with volumes
and sales ahead of the same period last year across all three operating
regions.

·    In the UK & Ireland, despite raw material inflation, the business
continues to outperform the market benefiting from strong BBQ and Easter
trading.

·    In Europe, the core meat and easier meals businesses continue to
perform well, with overall volumes and revenue ahead of last year.

·    In APAC, volume growth continued, but at more normalised levels
versus strong prior year comparatives.

We continue to make progress toward the planned launches of our long-term
partnerships with Walmart in Canada in early 2027 and NADEC in Saudi Arabia in
H2 2026.

Our Sustainable Protein Plan underpins the Hilton Foods strategy, with
ambitious targets across each of the core pillars of People, Planet and
Product. Last month, we published our second standalone Sustainability Report
here
(https://www.hiltonfoods.com/media/4gdcxox3/2024-sustainability-report.pdf) ,
which provides an in-depth look at our progress in the final year of the 2025
Sustainable Protein Plan.

 

Outlook

Hilton Foods continues to trade positively, while the macroeconomic
environment remains uncertain. However, in line with market expectations we
are confident in our ability to deliver earnings growth for the full year*.

Looking beyond the near term, we are well-positioned for continued growth,
supported by our continued investment in a robust pipeline of medium-term
growth opportunities in new and existing geographies.

*Based on company compiled consensus on 19(th) May 2025 (adjusted PBT range of
£76.8-81.0m)

 

The Group expects to publish its interim results for the 26 weeks ending 29th
June 2025 on 3rd September 2025.

 

A separate Regulatory News Service (RNS) announcement issued today provides
further details regarding proposed changes to the composition of the Board.

 

 

END

 

For further information please contact:

 

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

 Matt Osborne, Chief Financial Officer

 Hannah Surtees, IR & Communication Director

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

 

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