Hilton Food hails strength across all geographies, says Q3 in line

(Sharecast News) - Hilton Food said on Tuesday that it traded in line with management expectations in the third quarter, as it hailed a continued strong performance across all three geographical operating regions. In an update on trading for the period from 1 July to 19 October, the company said its seafood business was performing in line with expectations and within UK & Ireland, it continues to grow core meat volumes and revenues.

In Europe, core meat ranges and convenience meals performed strongly and Hilton said it was continuing to implement its recovery plan for Dalco within the vegan and vegetarian segment.

The performance in APAC was strong, it said, and while deflation in raw material prices had an impact on revenue, volumes have remained strong.

Chief executive Steve Murrells said: "This has been a further period of progress for Hilton Foods. The strength of our quality products has continued to underpin our customer relationships as we target further international growth.

"In the final quarter of the year, we remain confident in delivering our full year in line with our expectations and I would like to thank all our teams around the world, who continue to deliver for our customer partners."