Hilton Food Group on target

The Hilton Food Group performed in line with expectations despite “challenging conditions” for consumers, according to its latest trading statement.

The meat packing business reported business growth in its trading statement for the 28 weeks ending 13 July, published yesterday (17 July).

“Good progress” was made in Western Europe and in the UK volumes continued to grow due to its partnership with Tesco. In Australia the business reported that construction by its Joint Venture at Victoria was “proceeding in line with the agreed plan, with construction well underway”.

However, the Group acknowledged “challenging conditions for the consumer” in some countries which the business operates and reported that “the continuing appreciation of sterling against a number of the currencies in which Hilton trades will have an effect on our results, as reported in sterling”.

Hilton Food Group is due to publish its half-year results on 9 September 2014.

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