FDBusiness.com

Resilient Performance by Hilton Food Group

 Breaking News
  • UK Supermarkets are Struggling to Grow The latest grocery market share figures, published by Kantar, show year-on-year supermarket sales were flat during the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue. The memory of last year still looms large for retailers and this summer’s comparatively poor weather, combined with low levels of like-for-like price [...]...
  • Tickets Still Available For 2019 Irish Food & Drink Business Awards Some tickets are still available for the 2019 Irish Food & Drink Business Awards presentation ceremony and gala dinner to be held at the Citywest Hotel in Dublin on the evening of Thursday, 5 September 2019. The winners of the 2019 Awards will be named at the event. The prestigious awards programme, which was first introduced [...]...
  • Nestlé UK Launches New On-trend Flavours Nestlé has introduced two new on-trend flavours to its much-loved Munchies brand in the UK and Ireland. Available in 101g sharing bags, new Munchies Chocolate Fudge Brownie and Munchies Cookie Dough are the first new Munchies products since 1996. The new flavours were created at Nestlé’s confectionery sites in York and Fawdon, Newcastle. Munchies Brand Manager [...]...
  • Dedicated Industry Forums Take on Packaging’s Hottest Topics Experts from major brands, such as Coca-Cola, Ella’s Kitchen and REN Clean Skincare, will take to the stage as part of the dedicated industry forums for the beauty, food and drink sectors at Packaging Innovations and Luxury Packaging London 2019. The show, which returns to Olympia on 11 & 12 September, will tackle the key subjects [...]...
  • Greene King Being Sold For £2.7 Billion CK Asset, which is one of the largest property developers in Hong Kong and an international investment group, has made a recommended £2.7 billion cash offer for Greene King, the UK’s leading integrated brewer and pub retailer operating over 2,700 pubs, restaurants and hotels across England, Wales and Scotland. Including debt, the enterprise value of [...]...

Resilient Performance by Hilton Food Group

Resilient Performance by Hilton Food Group
April 02
11:39 2013

Hilton Food Group, Europe’s leading specialist retail meat packing business supplying customers in thirteen countries, increased volumes by 4.8% and revenue by 5.1% to Eur1.03 billion for the 52 weeks ended 30 December 2012, reflecting growth in both its new business in Denmark and further expansion in Central Europe. Against the backdrop of a very challenging environment for the consumer, operating profit edged up 0.3% to £26.0 million.

Operating profit was flat at £23.7 million on turnover up 5.3% to £935.4 million at the group’s operations in Western Europe, which cover the UK, Ireland, Holland, Sweden and Denmark.

Turnover rose by 3.2% to £95.6 million but operating profit at £2.3 million was flat in Central Europe, where the group’s meat packing business, based at Tychy in Poland, supplies three customer groups from Hungaryto the Baltics.

Capital expenditure of £12.4 million included investment at all of the group’s sites, to drive efficiency gains, extend product ranges, take advantage of advances in packing technology and to facilitate continued volume growth. Despite maintaining this high level of investment, Hilton reduced its net borrowings by 72% to £5.2 million, and with a strong balance sheet, with gearing at 0.1 times EBITDA, the specialist meat packer is well positioned to deliver sustainable growth.

In January 2013, Hilton announced its first expansion beyond Europe into the faster growing Asia Pacific region, following the formation of a joint venture with Woolworths in Australia.

Robert Watson OBE, chief executive of Hilton Food Group, comments: “I am pleased to report that in 2012 Hilton has delivered another resilient performance. The group has maintained a high level of investment in its meat packing facilities across Europe while exploring opportunities to progressively and profitably expand its business. Our joint venture with Woolworths in Australia represents the group’s first expansion beyond its European heartland and illustrates well the transferability of its business model.”

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements