Hilton Food Says Trading In Line With Board View

Hilton Food Group plc (HFG.L) said that trading has been in line with the board's expectations following a strong start to the year with momentum continuing in a number of markets.

In the UK, red meat business turnover has grown strongly relative to last year, the company said.

In Europe, the company has made good progress, where demand for our products has increased due to most of the European markets being subject to restrictions and home consumption continuing, the company said.

In Australia, the company has continued to see strong growth stemming from the annualisation of the higher Queensland volume as well as the full consolidation of the results of Bunbury and Truganina. The company expects the New Zealand meat and fish plant to start up in the third quarter of 2021.

Hilton noted that it continues to explore opportunities in which to invest and to grow the business both domestically and in overseas markets and it is also exploring a number of growth options with its existing customers.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration said it now intends to review only a small subset of new emergency use authorization or EUA requests for diagnostic tests. As per an updated COVID-19 test policy with a view to ensure continued access to tests, the regulator further urged developers of all test types seeking marketing authorization to pursue traditional premarket review for most test types. Netflix, Inc. said it is adding a new feature to offer a more personalized mobile games experience on the platform. In a statement, Sophia Yang, Product Manager, Mobile Games, said the company is rolling out the ability to create game handles, with which members will be able to create a unique public username. This can be used across all Netflix games. General Motors Co. has delayed its plan to require employees to return to office many days a week until next year, reports said citing an internal memo signed by CEO Mary Barra. Last week, the company had announced that corporate workers would be required to return to respective offices at least three days a week, beginning later this year, as the COVID-19 pandemic eases.
Follow RTT