logo
  

Hilton Food Group Says Trading In Line With Expectations

Hilton Food Group Plc (HFG.L), a British food packaging business, said in an update on Tuesday that its trading from January 3 to date was in line with the Board expectations, with sales ahead of last year, "primarily reflecting increases in raw materials as well as the execution of growth initiatives."

Looking ahead, the company expects its business to grow up further in the remaining period of the fiscal, despite a number of persisting challenges.

The company said: "Whilst the outlook for the year remains challenging, with the impact of higher input prices potentially reducing volume, we expect to make further progress during the year ahead. We will also continue to implement initiatives and work with customers and suppliers to help mitigate the impact of higher input pricing…"

The Group sees its medium term prospects are also underpinned by the recent acquisitions of Dalco, Fairfax Meadow, and Foppen, as well as other potential growth opportunities.

Hilton Food Group also noted that the financial position remains strong, having put in place committed facilities to cover announced expansion plans with some headroom for further growth.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ice Cream maker Ben & Jerry's reportedly filed a lawsuit against parent and British consumer giant Unilever to stop the sale of its Israeli business to a local license-holder Avi Zinger. The company alleged that the decision was made without the approval of its independent board. The judge reportedly denied Ben & Jerry's application for a temporary restraining order against Unilever. J&M Foods is recalling certain Lavender Shortbread Cookies sold through department store chain Target Corp. due to undeclared allergens, the U.S. Food and Drug Administration said. These packages were erroneously packed with Chocolate Chip Cookies and do not disclose the presence of a possible allergen, such as soy or eggs. A multi-state listeria outbreak that has killed one and sickened at least 23 others has been linked to Florida -based Big Olaf Creamery brand ice cream, according to the Centers for Disease Control and Prevention or CDC. The outbreak strain has been reported from 10 states, resulting in 22 hospitalizations. One death has been reported from Illinois.
RELATED NEWS
Follow RTT