UK meat and food supplier Hilton Food Group has announced its Q3 trading update for the period from 1st July 2024 to 19th October 2024.
The Group said its “strong performance” delivered in the first half of the year had continued in the third quarter across all three georgraphical operating regions, with trading “in line” with the Board’s expectations.
Its Seafood business had performed in line with expectations and within UK & Ireland, the company continued to grow core meat volumes and revenues.
Core meat ranges and convenience meals performed “strongly” in Europe, with Hilton continuing to implement its recovery plan for Dalco within the vegan and vegetarian segment.
The Asia-Pacific (APAC) region was also reported to have performed “strongly” and whilst deflation in raw material prices has had an impact on revenue, Hilton said volumes “remained strong”.
Steve Murrells CBE, Group chief executive of Hilton Foods, said: “This has been a further period of progress for Hilton Foods. The strength of our quality products has continued to underpin our customer relationships as we target further international growth.
“In the final quarter of the year, we remain confident in delivering our full year in line with our expectations and I would like to thank all our teams around the world, who continue to deliver for our customer partners.”
Outlook
Hilton Foods said it had continued to trade “in line with the Board’s full year expectations”, finding that the Group’s financial position had “remained strong” to enable the business to “continue to invest in opportunities that align with its strategic priorities”.
