Hilton reports solid performance
Leading meat-packing company Hilton Food Group reported a ‘solid’ performance in the UK and Ireland in the 52 weeks to 1 January 2012, despite the challenging trading conditions.
Releasing its trading statement ahead of the preliminary result, the company said improvements in the Swedish economy had led to continued turnover growth in Sweden, with the Netherlands also showing good growth. It also reported improved performance in its Central Europe operations.
It has now completed the first phase of investment in its Denmark packing plant, and is currently installing a robotic store picking facility.
The statement said: “In the UK and Ireland, we worked closely with our customer to deliver value to the consumer through challenging economic conditions, and this has enabled us to deliver a solid performance.
“The group has performed well, with trading for the period in line with the board’s expectations.
“The trading environment in 2012 is likely to remain challenging, though Hilton is well placed to deliver continued growth. We continue to explore further opportunities to develop our business in both domestic and overseas markets.”
The Cambridgeshire-based group supplies major international food retailers Tesco, Ahold, Albert Heijn and ICA.
>Hilton reports resilient growth