Hilton performance in line with expectations
Britain remains a challenge for meat packing company Hilton Food Group, following the impact of the horsemeat scandal, according to analysts.
However, in a management trading update for the 28 weeks ended 14 July, the company said performance had been in line with its expectations. “We have continued to benefit from our geographical diversity,” it said, adding that new product lines continued to grow the business.
Despite troubles in the UK market, the meat company has made good progress in the rest of Europe, Clive Black and Darren Shirley of Shore Capital explained. “Good progress has been said to have been made in a number of Hilton’s markets in Western Europe, particularly spelling out Denmark, where capacity has been expanded with a new production line and automated volume handling builds,” they said.
Meanwhile Hilton said it “continues to explore opportunities to grow the business in both domestic and overseas markets”.
Half year results are expected to be published on 10 September this year.