AGM Trading Update
20 May 2025 07:52:02
Source: Sharecast
20th May 2025
Hilton Food Group plc
AGM TRADING UPDATE
Group well-positioned for future growth
Current trading in line with Board's expectations
Hilton Food Group plc ("Hilton Foods" or the "Group"), the leading international multi-protein food business, today provides a trading update for the period from 1st January 2025 to date, ahead of its Annual General Meeting to be held at noon today.
Trading
Trading continues to be in line with the Board's expectations, with volumes and sales ahead of the same period last year across all three operating regions.
· In the UK & Ireland, despite raw material inflation, the business continues to outperform the market benefiting from strong BBQ and Easter trading.
· In Europe, the core meat and easier meals businesses continue to perform well, with overall volumes and revenue ahead of last year.
· In APAC, volume growth continued, but at more normalised levels versus strong prior year comparatives.
We continue to make progress toward the planned launches of our long-term partnerships with Walmart in Canada in early 2027 and NADEC in Saudi Arabia in H2 2026.
Our Sustainable Protein Plan underpins the Hilton Foods strategy, with ambitious targets across each of the core pillars of People, Planet and Product. Last month, we published our second standalone Sustainability Report here, which provides an in-depth look at our progress in the final year of the 2025 Sustainable Protein Plan.
Outlook
Hilton Foods continues to trade positively, while the macroeconomic environment remains uncertain. 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.
*Based on company compiled consensus on 19th May 2025 (adjusted PBT range of £76.8-81.0m)
The Group expects to publish its interim results for the 26 weeks ending 29th June 2025 on 3rd September 2025.
A separate Regulatory News Service (RNS) announcement issued today provides further details regarding proposed changes to the composition of the Board.
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For further information please contact:
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Hilton Food Group plc |
Tel: +44 (0) 1480 387214 |
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Steve Murrells, Chief Executive Officer Matt Osborne, Chief Financial Officer Hannah Surtees, IR & Communication Director
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Headland Consultancy |
Tel: +44 (0) 20 3805 4822 |
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Susanna Voyle |
hiltonfood@headlandconsultancy.com |
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Will Smith |
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Joanna Clark |
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