Hilton sales set to rise after strong 2011

By Dan Colombini

- Last updated on GMT

Related tags: English-language films, Finance, Hilton

sales at Hilton are set to rise in 2012, according to experts
sales at Hilton are set to rise in 2012, according to experts
Meat packing firm Hilton Food Group will see sales “accelerate” this year after posting full year trading results in line with expectations, according to city analysts.

Financial specialist Panmure Gordon said that the firm had performed well in the period ending January 1, with the group’s balance sheet “remaining very strong​”.

Analysts Damian McNeela and Graham Jones said: “Hilton has confirmed that trading through to the end of 2011 was in-line with expectations, and as such we reiterate our forecast of 8.5% profit before tax growth to £24.1M.

“With a full year trading in Denmark in 2012, we expect growth to accelerate despite the challenging trading conditions​.”

Improved performance

Hilton confirmed that it had performed strongly for the period and said that an improved performance in central Europe was a contributing factor.

The group’s balance sheet remains strong,"​ the firm revealed in a statement. “With net debt close to budgeted level, leaving us well positioned for future expansion​.”

Chief executive, Robert Watso added: “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​.”

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