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
American Honda Motor Co, Inc. has recalled about 2,900 units of 2022 model year Honda TRX90X All-Terrain Vehicles (ATVs) sold in the United States for possible crash and injury hazard, according to a statement issued by the U.S. Consumer Product Safety Commission or CPSC. The Laundress, a unit of Conopco Inc. d/b/a Unilever, is recalling around 8 million laundry and household cleaning products citing risk of exposure to bacteria, U.S. Consumer Product Safety Commission. The recall involves Laundress laundry detergent, fabric conditioner and other cleaning products. Tesla Inc. has delivered its first Semi, a heavy-duty electric truck, to its customer PepsiCo Inc. during an event at its Nevada Gigafactory. The delivery of 500-mile fully electric Semi truck comes five years after the launch of the truck's prototype in 2017. During Thursday night's Semi Delivery Event at Tesla's Sparks, Nevada factory, CEO Elon Musk, with Dan Priestly, ...
Follow RTT