Hilton Food Group PLC
LSE:HFG
Hilton Food Group PLC
Hilton Food Group Plc engages in meat package, wholesale, and supply to international food retailers. The company is headquartered in Huntingdon, Cambridgeshire. The company went IPO on 2007-05-17. The firm operates through three segments: Europe, Australasia and Central costs. The company offers a range of foods, including red meat, added value meat, poultry, fish, added value fish, food for now, food for later and vegetarian and vegan. The company works in partnership with suppliers to deliver pork, beef, lamb, veal and poultry. Its added value ranges include sausages, burgers, meatballs, kebabs, meatloaf, schnitzel, and marinated steaks and joints. The company sources fishes from farms and fisheries. Its range of fish products include salmon, white fish, smoked fish and prawns, as well as range of coated products includes fish cakes. The company also manufactures fish and sauce combinations in United Kingdom, which provides easy-to-cook solutions. The firm offers a range sandwiches, wraps, baguettes, salads, hummus and pre-cooked burgers. Its food for later ranges includes ready meals, pizza, garlic bread and soups.
Hilton Food Group Plc engages in meat package, wholesale, and supply to international food retailers. The company is headquartered in Huntingdon, Cambridgeshire. The company went IPO on 2007-05-17. The firm operates through three segments: Europe, Australasia and Central costs. The company offers a range of foods, including red meat, added value meat, poultry, fish, added value fish, food for now, food for later and vegetarian and vegan. The company works in partnership with suppliers to deliver pork, beef, lamb, veal and poultry. Its added value ranges include sausages, burgers, meatballs, kebabs, meatloaf, schnitzel, and marinated steaks and joints. The company sources fishes from farms and fisheries. Its range of fish products include salmon, white fish, smoked fish and prawns, as well as range of coated products includes fish cakes. The company also manufactures fish and sauce combinations in United Kingdom, which provides easy-to-cook solutions. The firm offers a range sandwiches, wraps, baguettes, salads, hummus and pre-cooked burgers. Its food for later ranges includes ready meals, pizza, garlic bread and soups.
Revenue Growth: Hilton Foods delivered strong revenue growth of 10.4% in the first half, driven by meat and convenience categories.
Profitability: Profit before tax increased by 3% to GBP 33.6 million, and EPS rose 5% to 26.5p.
Margins: Operating margin declined from 2.4% to 2.2%, mainly due to challenges in the seafood division.
Dividends: Interim dividend increased by 5.2% to 10.1p per share, reflecting confidence in long-term growth.
Strategic Progress: Expansion projects in Canada (with Walmart) and Saudi Arabia (with NADEC) are on track, despite higher capital costs.
Seafood Headwinds: Whitefish demand softened due to raw material inflation; operational issues at Foppen affected supply, but demand remained strong.
Inventory & CapEx: Net debt rose to GBP 202.4 million as the company tactically increased inventory and invested in new facilities.
Tech & Innovation: Secured a GBP 22 million investment in Foods Connected from Apax to accelerate tech-driven supply chain efficiencies.
