Hilton Group Progresses in Diversified Markets30 May 2013
UK - The Hilton Food Group, one of Europe’s leading specialist retail meat packing businesses, has reported performance in line with board expectations.
In an Interim Management Statement for the period from the end of last year the company said it continued to benefit from geographical diversity and grow the business, whilst as anticipated, challenging conditions for the consumer have been experienced in some markets.
In Western Europe the group said it has made good progress in a number of markets.
“Our newest facility in Denmark is progressing well, and we are continuing to build up the volume of product that is being sorted by the new robotic store order picking facility,” the statement said.
“There has been turnover growth in Sweden, and the Dutch business is benefitting from new product lines. Both the UK and Ireland have remained challenging particularly given the well-publicised industry issues faced in the first quarter and continuing difficult macro-economic conditions.
“Our business in Central Europe, where Hilton supplies customers in seven countries, has continued to perform well.
“In Australia, the development work by the Joint Venture at Bunbury is proceeding in line with the agreed plan.
“The Group’s financial position remains strong, there being no significant changes to this position since the financial year end.
“Hilton continues to explore opportunities to grow the business in both domestic and overseas markets.”
TheMeatSite News Desk