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.

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