19th Jul 2018 10:30
LONDON (Alliance News) - Hilton Food Group PLC on Thursday said it continued to grow the business through additional volumes and close cooperation with its retail partners during the 28 weeks to mid-July.
In Western Europe, the food packing company said it has made good progress in a number of markets, with UK and Ireland turnover continuing to grow, reflecting higher volumes.
Meanwhile, in Portugal, the company saw a good progress, as it executed against the scheduled development plan, with an overall improvement in operational key performance indicators and consumer feedback.
Hilton Food also highlighted the extension of its partnership with grocer Coop Danmark AS, which enables the company to strengthen its position in the meat category. In addition, Hilton Food said it invested in the long-term relationship with Coop by purchasing the freehold property in which the facility is located.
In Australia, the company has reported strong double-digit growth in the first half. Capacity in Victoria state warehouse has increased over the period, thanks to a good performance from joint venture, which covers both Bunbury and Victoria regions.
"The group's financial position remains strong and Hilton continues to explore opportunities to invest and grow the business in both domestic and overseas markets," the company said in the statement.
Shares in Hilton Food were trading 1.5% higher on Thursday at 986.80 pence each.
The company intends to publish its interim results on September 11.
Related Shares:
Hilton Foods