Hilton Food Group experiences growth in Europe
Hilton Food Group has seen good volume growth in its European sites, from 13 July to present.
In a trading statement, the international meat packing business has announced that the UK has benefited from the group’s recent capacity expansion, as well as seeing positive impacts from the start-up costs being lower than anticipated.
Hilton has seen volume growth in its Holland site, where business has continued to perform well.
In Sweden, the group are “encouraged by the cost performance, arising from the upgraded production lines, which is delivering savings to the customer”.
Meanwhile, growth has remained in line with expectations in Central Europe, with volume growth being experienced particularly in the Baltic States.
The statement claimed that: “Overall, trading has been slightly above the Board’s expectations.”
Outside of Europe, Hilton’s joint venture in Australia is said to be making strong progress. Its plant located in Victoria has successfully commenced production and is meeting its roll-out schedule.
“The Group’s financial position remains strong with the Group continuing to generate cash in line with the Board’s expectations, leaving Hilton well-placed to continue to explore opportunities to grow the business in both domestic and overseas markets.”
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