A strong Christmas trading period has been reported by Hilton Food Group plc with growth across its global divisions, according to the manufacturer’s update on full year activity.
For the full year, the Group expects to report results in line with the Board’s expectations, which were revised in early November.
During the year, there was continued revenue growth compared to the same period in 2021 and what is described as a “pleasing performance” in the lead-up to the festive period.
In the UK and Ireland, the Hilton Food Group had a strong Christmas trading period, and focused on a number of cost saving initiatives. In addition, Hilton has continued its investments in automation, the benefits of which will be seen in 2023, say the company.
According to the report, recent progress to pass through and mitigate unprecedented inflationary cost increases, particularly in the UK Seafood business, have been encouraging and leave the company “well placed” as it starts the new year. This work has progressed alongside a total business review in UK Seafood, which Hilton said is starting to deliver positive results.
In 2022 the Group increased investment in its data management system company, Foods Connected, and started new partnerships with Agito and Cellular Agriculture. Hilton said that it continues to be pleased with how each of these businesses has progressed.
The Group has confirmed that it will publish preliminary results on 5th April 2023.
