FDBusiness.com

Strong Progress By Hilton Food Group

 Breaking News
  • Pernod Ricard to Acquire Super-premium Italian Gin Brand Pernod Ricard is acquiring Italian super-premium gin brand Malfy from Biggar & Leith for an undisclosed price. Malfy is a range of super-premium gins distilled by the Vergnano family in the Italian region of Moncalieri, and already present in several international markets such as the United States, United Kingdom and Germany. Each gin in the [...]...
  • Nestlé and Carrefour Give Consumers Access to Blockchain Platform Nestlé and Carrefour, the French retail group, have announced that they are giving consumers access to blockchain data for Mousline purée in France. This is the first time that Nestlé is sharing information on its products with consumers via a blockchain platform. Consumers can use their smartphone or other device to scan a QR code on [...]...
  • Plastics Action Alliance Sets Targets to Achieve Sustainable Reduction in Use of Plastic in Ireland Plastics Action Alliance, the recently formed group that comprises of 11 leading agricultural processing and food businesses in Ireland, has set out its key objectives. The industry leading group aims to significantly reducing the use of plastic packaging across its members’ operations. Formed at the end of 2018, the Plastics Action Alliance is a collaboration that [...]...
  • Carlsberg UK Gets Honest About Its Beer Carlsberg UK has launched its most ambitious and honest consumer facing campaign ever in a bid to drive reappraisal of its flagship beer brand. Expected to reach 97% of the UK, the £20 million campaign conceived in collaboration with agency partners Fold7, Clifford French and Initiative – trades on the equity of the brand’s renowned [...]...
  • Alternative Proteins Challenge Dairy Dominance The value of the sports nutrition market is set to grow by around 8% per year to reach over US$17 billion globally in 2021, according to Innova Market Insights’ forecasts. The mainstreaming of the market has led to a surge in interest in plant-based alternatives with the traditional dominance of whey and other dairy proteins [...]...

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
  • June 25, 2019BevExpo 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements