Meat processor, Hilton Food Group has released its financial results for the 52 weeks ending 28th December 2014, which show a pre-tax profit growth of 1.3% to £25.2 million.
Volume sales were also up, rising 3.5% from 223,568 to 231,504 tonnes.
However, unfavourable exchange rates and lower meat prices resulted in revenue falling 2.3% to £1,099 million.
Investment expenditure was up 135.8% to £43.3 million as a result of the company covering necessary major reinvestment programmes in the UK and Sweden according to chief executive of Hilton Food Group, Robert Watson OBE.
Watson said: “The high level of investment made in our meat packing facilities in 2014 was essential to facilitate the Group’s planned future growth.”
Observing the results as a whole he concluded: “Hilton made sound progress in underpinning its future growth strategy, including the continued development of our Australian joint venture and the major UK capacity expansion.”
This story was originally published on a previous version of the Meat Management website and so there may be some missing images and formatting issues.
