Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

1,028.00p
   
  • Change Today:
      31.00p
  • 52 Week High: 1,088.00
  • 52 Week Low: 884.00
  • Currency: UK Pounds
  • Shares Issued: 81.72m
  • Volume: 118,313
  • Market Cap: £840.04m
  • RiskGrade: 110

Hilton Food performance underpinned by Seachill, Australia operations

By Michele Maatouk

Date: Thursday 10 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Food packing business Hilton Food said on Thursday that it performed in line with expectations in the year to 30 December 2018, driven by Seachill and its Australian operations.
The company saw "strong" year-on-year sales growth, with growth in a number of existing and new markets. In Western Europe, it has continued to grow the business, with higher turnover particularly in the UK and Ireland.

The UK saw steady growth in the red meats segment and a "significant" contribution from Seachill, which has benefited from the new business won to supply shellfish to Tesco, which was announced in the November trading update.

In Sweden and Denmark, sales were a little lower, but the Christmas period was strong, with fresh pizza sales in Sweden and emerging opportunities elsewhere.

Sales in Holland were lower, reflecting consumer demand, but Hilton said it has continued to perform well. It said it was pleased with the progress made at Foods Connected, with additional customers signed up to the information and commercial support platform, along with the continued success of Hilton Food Solutions, its trading subsidiary, which has also started to supply the food service sector.

In addition, the company's joint venture in Portugal is continuing to show good progress, while its performance in Central Europe has continued to improve as expected in the second half of the year.

Hilton said its Australia business has also progressed well, delivering strong year-on-year double digit growth, driven by the incremental volume in the satellite facility in Brisbane and higher Victoria plant volumes.

Development work for the new Queensland facility continues ahead of the original plan, with production start-up anticipated towards the end of the third quarter of 2019.

"The group's financial position remains strong and we continue to explore opportunities to invest in and to grow the business in both domestic and overseas markets," it said.

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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 1,028.00p
Change Today 31.00p
% Change 3.11 %
52 Week High 1,088.00
52 Week Low 884.00
Volume 118,313
Shares Issued 81.72m
Market Cap £840.04m
RiskGrade 110

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.15% below the market average96.15% below the market average96.15% below the market average96.15% below the market average96.15% below the market average
93.33% below the sector average93.33% below the sector average93.33% below the sector average93.33% below the sector average93.33% below the sector average
Price Trend
76.30% above the market average76.30% above the market average76.30% above the market average76.30% above the market average76.30% above the market average
92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average
Income
64.77% below the market average64.77% below the market average64.77% below the market average64.77% below the market average64.77% below the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average
Growth
51.97% above the market average51.97% above the market average51.97% above the market average51.97% above the market average51.97% 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 3
Sell 0
Strong Sell 0
Total 6
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 20-Sep-2019

Time Volume / Share Price
16:48 53 @ 1,028.00p
16:43 20,000 @ 1,028.00p
16:40 40,228 @ 1,028.00p
16:29 319 @ 1,020.06p
16:29 43 @ 1,020.00p

HFG Key Personnel

CFO Nigel Majewski
CEO Philip Heffer

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