21st May 2019 08:38
LONDON (Alliance News) - Hilton Food Group PLC on Tuesday said its trading has been in line with management expectations since the start of 2019, with progress achieved across a number of markets.
The FTSE 250 food packaging firm said that, in the period since the end of 2018 to-date, it continued to grow the business "through additional volumes and close cooperation with our retail partners".
In Western Europe, the company said it achieved "good progress", with the UK experiencing turnover growth in the red meat business.
Hilton Food's fish business, Seachill, has continued to grow compared with 2018, the company said, underpinned by recent business wins.
In Ireland, the firm continued to experience "encouraging top-line growth", while in Denmark turnover proved lower, although Hilton Foods said it started to see a pick-up towards the end of the period.
In Sweden, the firm achieved "top line growth" compared to prior year, while the Dutch market also performed well.
Outside of Europe, Hilton Food said it saw strong growth in Australia, ahead of the opening of a plant in Queensland expected in the third quarter of 2019.
Looking ahead, the company said: "Hilton continues to explore opportunities in which to invest and to grow the business both domestically and in overseas markets and we are also exploring a number of options for growth with our existing customers."
Hilton Food shares were trading 0.3% higher at 1,069.50 pence each.
It will publish its interim results on September 10.
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