Hilton reports “strong” Q3 core meat business revenue
Global food business Hilton Food Group plc has released its Q3 trading update, reporting strength in its meat category.
The period, which ran from 16th July to 29th October 2023, saw Hilton report a “robust” financial performance and “strong” operational progress in line with the Board’s expectations.
Revenue was higher than the same period in 2022, reportedly reflecting strength particularly in the Group’s core meat category.
The Group also reported that the turnaround of its UK Seafood business continued to deliver against its operating performance targets with the business delivering “operating profitability” in Q3, while being on track to do so for the whole year.
In the wider UK & Ireland business, Q3 revenue and volume growth was up on the previous year.
The Group said that it is continuing to trade in line with Board expectations, and boasted that its financial position remains “strong with leverage at comfortable levels.”
It stated that it will continue to explore opportunities in its new and existing markets to work towards its goal of becoming the “international protein partner of choice.”
The Group expects to announce the publication date for its results for the 52 weeks ending on 31st December 2023 in its January Trading Update on 11th January 2024.