FDBusiness.com

Strong Progress By Hilton Food Group

 Breaking News
  • Sweets and Snacks New Product Development Thrives on Adventure and Bite-size Trends With one in four global consumers increasing their consumption of confectionery over the past year (Innova Market Insights Consumer Survey, 2018) because “there is more variety & novelty available,” the food industry is responding. New data from Innova Market Insights finds a 15 percent average annual growth in global confectionery launches with a “discovery” claim [...]...
  • 80,000 Tonnes of Skimmed Milk Powder Sold in Biggest Tender A total of 80,424.05 tonnes of the skimmed milk powder bought into public stock by the European Commission since 2015 were sold in the latest tender sale, bringing the remaining stock to around 22,000 tonnes out of the original 380,000 tonnes, stockpiled since the crisis that hit the dairy sector in 2015. In effect, almost [...]...
  • Müller Rolls Out ‘Stealth’ Milk Caps Müller, Britain’s leading producer of branded and private label fresh milk, cream, butter and ingredients, is rolling out a new lightweight recyclable milk cap, which uses 13% less plastic material. The innovative solution allows the business to remove 300 tonnes of plastic every year, the equivalent weight of 231 million ‘stealth’ milk caps. The dairy company has [...]...
  • Greene King Announces New Chief Executive The board of Greene King has announced that Nick Mackenzie will join the board on 1st May 2019 as chief executive in succession to Rooney Anand. Nick Mackenzie will be joining from Merlin Entertainments where, as a member of the executive committee, he is responsible for the Midway portfolio of attractions, which comprises over 100 [...]...
  • Irish Grocery Market Hits Festive Record as Retailers Cash in on Christmas The Irish grocery market grew by an impressive 3.0% over the 12 weeks to 30 December, ensuring a record festive period for retailers. The latest Kantar Worldpanel data shows value sales reached €995 million in the month of December – the highest monthly total ever recorded in the Irish grocery market. This was driven by [...]...

Strong Progress By Hilton Food Group

Strong Progress By Hilton Food Group
April 04
16:04 2016

Hilton Food Group, the specialist retail meat packing business supplying major international food retailers in thirteen European countries and Australia, has reported a 0.4% fall (1.9% on a 52-week basis) to £1.09 billion for the 53 weeks ended 3 January 2016, with unfavourable exchange rate movements more than offsetting the group’s volume gains. Hilton Food Group achieved overall volume growth of 5.5% (4.0% on a 52-week basis) with volume increases in the UK, Ireland, Holland and Central Europe, but lower volumes in Denmark.

Operating profit at £29.0 million was 11.3% (9.0% on a 52-week basis) above the previous year’s level and 20.9% higher on a constant currency basis. The operating profit margin in 2015 was 2.6%, as compared with 2.4% in 2014, reflecting the higher operating profit level and the operating profit per kilogram of packed meat sold was 11.9p (11.3p in 2014).

During the year, Hilton invested in modernising and expanding the capacity of its UK site in Huntingdon, to service increased volumes for Tesco. The new production facilities are fully bedded in, working well and delivering planned operational efficiencies. Hilton also continued to make progress with its Australian joint venture with Woolworths. A new dedicated retail packed meat facility, near Melbourne, operated by the joint venture company, commenced production on schedule in September 2015. A store roll out plan covering Victoria and South Australia has now been completed.

HiltonFreshMeatCompressedRobert Watson OBE, chief executive of Hilton Food Group, comments: “During 2015 Hilton made strong progress in pursuing its growth strategy, including the expansion of the Australian joint venture and the completion of the major UK capacity expansion project. We will continue to look for available opportunities to progressively and profitably expand the scale and scope of our operations as they arise using a business model that has over time proved to be successful, resilient, relevant and internationally transferable.”

Investment expenditure will now return to maintenance levels at £13.7 million, against £43.3 million in 2014, following completion of the major re-investment programmes undertaken in the UK and Sweden.

In Europe, Hilton has facilities in six countries each run by a local management team and operating under the terms of five to ten year long term supply Agreements with retail partners, either on a cost plus or agreed packing rate basis.

“Hilton’s medium term growth outlook remains encouraging following the successful completion of the UK capacity expansion and site redevelopment project in Huntingdon and the start of production with our Australian joint venture partner at Melbourne,” says Robert Watson. “Notwithstanding competitive market conditions, overseas currency fluctuations and pressure on consumer expenditure Hilton is therefore confident of growing its business with continued focus on new product development and range extension.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements