Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

1,030.00p
   
  • Change Today:
      8.00p
  • 52 Week High: 1,118.00
  • 52 Week Low: 894.00
  • Currency: UK Pounds
  • Shares Issued: 81.72m
  • Volume: 26,022
  • Market Cap: £841.75m
  • RiskGrade: 117

Hilton Food delivers beefy progress report

By Iain Gilbert

Date: Wednesday 23 May 2018

LONDON (ShareCast) - (Sharecast News) - Meat packing business Hilton Food Group has traded in line with board expectations so far this year, continuing to grow the business through beefed-up volumes and close co-operation with its retail partners.
Hilton pointed to "good progress" in a number of markets on Wednesday, telling investors that UK turnover from its red meats business had continued to grow at a pace similar to that seen last year, while its Irish operations continued to experience "encouraging" top-line growth.

Hilton's Danish operations also brought home the bacon, with turnover fattened up predominantly by higher raw material prices, while in Sweden things started slower but witnessed a "significant pick up in throughput" and in Holland, the group continued to perform well.

Further "strategic progress" was reported regarding joint venture facilities in Western Australia and Victoria, previously announced in February, with the group now planning to assume full operational control of the JV before 1 July. Development work relating to its Queensland plant was said to be "progressing strongly", with construction work well advanced.

Looking forward, Hilton said, "The group's financial position remains strong, having put in place facilities to cover current expansion plans. Hilton continues to explore opportunities in which to invest and to grow the business both domestically and in overseas markets."

As of 0850 BST, Hilton shares had picked up 0.50% to 910.50p.

House broker Numis suggested the company's business model "means that it is uniquely positioned to generate growth from existing relationships as it broadens its capabilities and is increasingly regarded as an attractive partner by leading global retailers, which should drive further growth".

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HFG Market Data

Currency UK Pounds
Share Price 1,030.00p
Change Today 8.00p
% Change 0.78 %
52 Week High 1,118.00
52 Week Low 894.00
Volume 26,022
Shares Issued 81.72m
Market Cap £841.75m
RiskGrade 117

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.71% below the market average93.71% below the market average93.71% below the market average93.71% below the market average93.71% below the market average
93.1% below the sector average93.1% below the sector average93.1% below the sector average93.1% below the sector average93.1% below the sector average
Price Trend
54.61% above the market average54.61% above the market average54.61% above the market average54.61% above the market average54.61% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Income
56.65% below the market average56.65% below the market average56.65% below the market average56.65% below the market average56.65% below the market average
62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average
Growth
55.79% above the market average55.79% above the market average55.79% above the market average55.79% above the market average55.79% above the market average
93.33% above the sector average93.33% above the sector average93.33% above the sector average93.33% above the sector average93.33% above the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HFG Dividends

  Latest Previous
  Interim Final
Ex-Div 31-Oct-19 30-May-19
Paid 29-Nov-19 28-Jun-19
Amount 6.00p 15.80p

Trades for 17-Jan-2020

Time Volume / Share Price
16:35 13,131 @ 1,030.00p
16:29 46 @ 1,028.00p
16:29 88 @ 1,028.00p
16:29 12 @ 1,028.00p
16:27 65 @ 1,028.00p

HFG Key Personnel

CFO Nigel Majewski
CEO Philip Heffer

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