FDBusiness.com

Strong First Half From Hilton Food Group

 Breaking News
  • Agrial Continues Strategic Expansion With German Dairy Acquisition Agrial, the French farming and food co-operative, is continuing its quest to create value for its dairy farmer members by acquiring German company Rotkappchen Peter Julich Group, a specialist in cow’s and goat’s milk cheeses. The acquisition of Rotkappchen Peter Julich Group, which owns three famous brands in Germany, furthers the growth strategy of Eurial, [...]...
  • €191 Million to Promote EU Agri-food Products at Home and Abroad The European Commission has adopted the 2019 promotion policy work programme, with €191.6million to be made available for programmes selected for EU co-financing – an increase of €12.5 million compared with 2018. €89 million will be allocated to campaigns in high growth countries such as Canada, China, Colombia, Japan, Korea, Mexico, and the United States. Some [...]...
  • Müller Removes Sugar With New Yogurt Culture Müller Corner, one of Britain’s best loved yogurt ranges, is set to reduce sugar by up to 9% and gain a creamier texture, thanks to the discovery of a new yogurt culture. Following a rigorous research and development process which involved access to more than 13,000 strains, Müller discovered that the combination of two specific yogurt [...]...
  • Mintel Launches Purchase Intelligence in the UK Mintel, the world’s leading market intelligence agency, has launched Mintel Purchase Intelligence, the newest innovation in product comparison technology, providing rapid, reliable consumer opinion on every reported new food and drink product in the UK*. Every day, Mintel benchmarks consumer reactions to new product launches so manufacturers, companies and brands can immediately understand and analyse what is [...]...
  • Discovery, Plant-Based and Alternatives Lead the Top Ten Trends For 2019 Targeting increasingly adventurous consumers, set on new discoveries and experiences, will be key to developments in the food and beverage industry in 2019. The connected world has led consumers of all ages to become more knowledgeable of other cultures, contributing to 35 percent growth of “discovery” claims, when comparing 2017 and 2016 new product launch [...]...

Strong First Half From Hilton Food Group

Strong First Half From Hilton Food Group
September 13
10:52 2018

Hilton Food Group, the UK-based leading specialist international food packing business, has reported a 25.0% increase in turnover to £863.6 million and by 24.5% on a constant currency basis for the 28 weeks to 15 July 2018. Volumes increased by 12.7% reflecting growth in the UK, Ireland and Australia. Operating profit for the first half of 2018 was £23.6 million – 25.3% higher than in the previous year and 24.8% higher on a constant currency basis including a contribution from the recent Seachill acquisition and reflecting recovery in Central Europe. The operating profit margin at 2.7% was unchanged compared to last year.

The recent acquisition of Seachill, a leading chilled UK fish processor, for cash consideration of £80.8 million from Icelandic Group UK has provide Hilton with entry into the processing and supply of fish market in the UK.

Robert Watson OBE.

Robert Watson OBE, executive chairman of Hilton Food Group, says: “Hilton has continued to deliver on its strategies to build a significantly bigger more diversified business. We achieved strong volume and profit growth during the period including the integration of Seachill and the launch of a fresh food offering in Central Europe. We have further extended our geographical reach in Australia where we commenced production and took operational control of two existing facilities whilst constructing a further facility and designing a new facility in New Zealand, which further extends our geographical reach. We remain committed to growing our business through innovation and product development as well as continuing to explore opportunities to expand the business both at home and abroad.”

Hilton continues to invest in all its European facilities to maintaining the state-of-the-art levels required to service its customers’ growth, extend the range of products supplied to those customers and deliver both first class service levels and further increases in production efficiency. This investment ensures that the group can achieve low unit costs and competitive selling prices at increasingly higher levels of production throughput. Capital expenditure during the period was £40.6 million (2017 – £4.4 million) including investments in the new Australian facility and Central Europe fresh food factory and also the purchase of the existing Danish facility.

Hilton continues to develop its business and deliver year-on-year volume growth through focusing on quality and value for money for the consumer. With new projects including opportunities to expand the fish category, well invested production facilities, a broad geographic customer spread, and flexible procurement capabilities, the group is well equipped for future growth. Hilton continues to explore further opportunities for expansion and is well placed to capture those opportunities as they arise.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 21, 2018expoSE European Asparagus and Strawberry Fair
  • November 27, 2018Health Ingredients Europe
  • November 28, 2018FOOD & LIFE
  • December 3, 2018P&P 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements