Hilton’s trading update reports positive 2017 outlook

By James Ridler contact

- Last updated on GMT

Hilton Food Group reported a positive outlook for 2017
Hilton Food Group reported a positive outlook for 2017

Related tags: Economics

Meat producer Hilton Food Group has reported a positive outlook for 2017 – with plans for further global expansion – in a trading update for the 52 weeks ending January 1 released this week (January 12). 

The group announced it had performed slightly ahead of its board’s expectations, fuelled by growth in new markets and the positive impact of a weaker pound, following the Brexit vote.

Hilton also reported a strong year for its joint ventures – SOHI Meat Solutions with Sonae in Portugal and Woolworths Meat Co with retailer Woolworths in Australia.

The firm saw a “good last quarter” ​in the UK and Ireland, while central Europe saw performance in line with the group’s expectations. Hilton said it was adapting its business model to the local environment.

Adapting its business model

Hilton said it had seen success with its new pizza businesses in Poland and Sweden, as well as the continued success of Hilton Food Solutions, its new trading subsidiary.

“The group's financial position remains strong, positioning us well for further expansion,”​ said the company.

“Hilton remains well placed to deliver continued growth over the medium term and will continue to explore further opportunities to develop our business in both domestic and overseas markets.”

Hilton is to publish its full year results on March 30.  

Hilton’s global operation – at a glance

Australia:​ Joint venture with Woolworths, Woolworths Meat Co

Portugal:​ Joint venture with Sonae, SOHI Meat Solutions

Poland:​ Supplies fresh pizzas to retailer ICA in Sweden

Related topics: Meat, poultry & seafood

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