5th Nov 2024 10:52
(Alliance News) - Hilton Food Group PLC on Tuesday said it expects a full-year outcome in line with expectations, after third-quarter trading that went to plan.
The "multi-protein" food producer said a strong first-half performance continued into the third-quarter to October 19. It hailed its performance in "all three geographical operating regions".
The firm operates food processing, packing and logistics facilities across 19 markets in Europe, Asia Pacific and North America.
"The Seafood business is performing in line with expectations and within UK & Ireland, we continue to grow core meat volumes and revenues," Huntingdon, Cambridgeshire-based Hilton Food said.
"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."
The company releases a trading statement on January 9. Its financial year concludes on December 29.
Chief Executive Steve Murrells 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."
Shares in the company were 0.2% lower at 939.00 pence each in London on Tuesday morning.
By Eric Cunha, Alliance News news editor
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