Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

991.00p
   
  • Change Today:
      15.00p
  • 52 Week High: 1,088.00
  • 52 Week Low: 884.00
  • Currency: UK Pounds
  • Shares Issued: 81.72m
  • Volume: 254,355
  • Market Cap: £809.81m
  • RiskGrade: 108
  • Beta: 0.01

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 991.00p
Change Today 15.00p
% Change 1.54 %
52 Week High 1,088.00
52 Week Low 884.00
Volume 254,355
Shares Issued 81.72m
Market Cap £809.81m
Beta 0.01
RiskGrade 108

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.14% below the market average95.14% below the market average95.14% below the market average95.14% below the market average95.14% below the market average
79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average
Price Trend
69.12% above the market average69.12% above the market average69.12% above the market average69.12% above the market average69.12% 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
60.31% below the market average60.31% below the market average60.31% below the market average60.31% below the market average60.31% below the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Growth
52.64% above the market average52.64% above the market average52.64% above the market average52.64% above the market average52.64% above the market average
86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 5
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 13-Sep-2019

Time Volume / Share Price
16:35 9,806 @ 991.00p
16:29 11 @ 990.00p
16:29 86 @ 990.00p
16:29 23 @ 990.00p
16:27 13,500 @ 980.00p

HFG Key Personnel

CFO Nigel Majewski
CEO Philip Heffer

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