Hilton Food Group plc has reported that its core retail meat and foodservice across UK and Ireland saw “continued strong volume and revenue performance in the final quarter” of 2024.
In a trading update for the 52-week period ending December 29, 2024, Hilton Food Group indicated that for the full year it expects to report results in line with expectations.
Steve Murrells, group chief executive of Hilton Foods, said: “Our core year-round product ranges, combined with high-quality new product launches, continue to strengthen our customer relationships, and support our ongoing success.”
The group is a provider of meat processing and packing services with a product portfolio that includes roasting joints, sausages, steaks, chops, mince, sandwiches, pizzas, garlic bread, burgers and baguettes.
Hilton also supplies lamb and beef packaging services to international food retailers that include Tesco, ICA Gruppen, Ahold Delhaize, Woolworths and Coop Danmark.
The company has presence in Central Europe, the UK, the Netherlands, Sweden, Ireland, Australia, Belgium, New Zealand, Poland, Denmark, Holland and Portugal.
Hilton, which is headquartered in Huntingdon, Cambridgeshire, the UK, also has operating site at Drogheda in Co. Louth.
Hilton Food Group
According to Hilton, its strong volume and revenue performance in the final quarter was driven by “another successful Christmas trading period and launch of new premium products”.
“Seafood has delivered full year profit improvement with strong volume performance during the festive period,” it detailed in the trading statement.
The group also outlined that In Europe, core meat ranges and convenience meals delivered strong performance throughout the year, including during the Christmas period.
It added: “We are continuing to implement our recovery plan for Dalco within the vegan and vegetarian segment.
“As expected, raw material price deflation in the Asia Pacific (APAC) region continued in the final quarter, impacting revenue. However, volumes remained strong, bolstered by the performance of the BBQ range launched earlier in the year and by the core product offering.”
According to the food group its long-term partnership with Walmart continues to develop and Hilton Foods Canada remains on track for launch in early 2027.
Its board has said that it is “confident in Hilton Foods’ outlook for 2025, underpinned by a strong financial position that allows continued investment in strategic opportunities”.
