14th Jan 2016 08:50
LONDON (Alliance News) - Hilton Food Group PLC on Thursday said it performed ahead of the board's expectations in its recently-ended financial year.
The meat packing business said additional volumes were delivered in the UK and Holland, although this was partly offset by lower demand in Denmark, while volumes in Sweden remained steady.
In Central Europe, the group's performance was in line with expectations, it said, with growth achieved in Poland, Hungary and the Baltic states, despite a competitive environment.
Meanwhile, Hilton said its joint venture in Australia continues to make good progress as the Victoria plant has successfully started production.
Hilton will report its results for the full-year ended January 3 on March 31.
"Although the environment remains competitive, the outlook for 2016 remains positive. The group's financial position remains strong, leaving us well positioned for future expansion. We remain well placed to deliver continued growth over the medium term and will continue to explore further opportunities to develop our business in both domestic and overseas markets," the company said in a statement.
Shares in Hilton were trading down 0.2% at 555.00 pence on Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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