Hilton Food Group trading in line

(Sharecast News) - Hilton Food Group said on Tuesday that current trading was in line with the board's expectations. In an update for the period from 1 January to date ahead of its annual meeting, the company said volumes and sales were ahead of the same period last year across all three operating regions.

In the UK & Ireland, the business continues to outperform the market, benefiting from strong BBQ and Easter trading and despite raw material inflation.

In Europe, meanwhile, the core meat and easier meals businesses continue to perform well, it said, with overall volumes and revenue ahead of last year.

In APAC, volume growth continued, but at more normalised levels versus strong prior year comparatives.

The multi-protein food business also said it continues to make progress toward the planned launches of its long-term partnerships with Walmart in Canada in early 2027 and NADEC in Saudi Arabia in the second half o next year.

"Hilton Foods continues to trade positively, while the macroeconomic environment remains uncertain," it said. "However, in line with market expectations we are confident in our ability to deliver earnings growth for the full year.

"Looking beyond the near term, we are well-positioned for continued growth, supported by our continued investment in a robust pipeline of medium-term growth opportunities in new and existing geographies."