Hilton Food Says Trading In Line With Board's View

Hilton Food Group plc (HFG.L), on Tuesday, issued a trading update for the period from 2nd January 2023 to date, and reported that trading has been in line with Board's expectations.

Sales are ahead of the prior year, reflecting continued increases in raw materials prices and the positive effect of a full year of ownership of Foppen following its acquisition in March 2022.

Hilton Foods' trading performance since the start of 2023 has been in line with the Board's expectations and, despite the uncertain macro-economic environment, the business is well positioned for the year ahead, the company said. The Group's financial position continues to be strong with leverage and headroom at comfortable levels.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
GameStop Corp. Wednesday disclosed that its Board of Directors has elected Chairman Ryan Cohen as Executive Chairman, effective immediately. In a filing with the U.S. Securities and Exchange Commission, the video game retailer said its Board on June 5 terminated Matthew Furlong as President and Chief Executive Officer with immediate effect. Shares of Inditex SA were gaining around 6 percent in the morning trading in Spain after the clothing firm that owns Zara reported Wednesday significant growth in its first-quarter profit on higher revenues as well as the absence of a prior year provision. Regarding the second quarter to date, the company said its store and online sales in constant currency between May 1 and June 4 increased 16.. The U.S. Consumer Product Safety Commission or CPSC, along with Golden, Colorado-based Boppy Co., urged consumers to stop using recalled Boppy Newborn Loungers, following reports of more infant deaths. They also asked online marketplaces to stop selling the recalled product. The company in September 2021 had recalled over 3.3 million infant lounging pillows after it was connected with deaths of 8
Follow RTT