Hilton Food Group boosted by results

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Hilton Food Group boosted by results
Master Investor Magazine

Master Investor Magazine 60

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Shares in FTSE 250 food packaging firm Hilton Food Group (LON:HFG) climbed 5.88% to 1,044p (as of 12:00 GMT) after the firm reported a 10% rise in revenues for the year ended 29th December. Pre-tax profits for the period improved by 9.2% and management said that all facilities remained operational despite the current climate.

Executive chairman Robert Watson commented: “In 2019, we successfully executed our strategy of continuing to grow and diversify our offering with the opening of our biggest factory yet in Brisbane, Australia, a move into other high growth proteins including vegetarian and sous vide, building on our existing retailer partner relationships and investing in our facilities. We continue to grow volumes and profit and explore opportunities to develop our cross-category business in both our domestic and overseas markets. Whilst the Covid-19 outbreak will test our established business continuity programmes, to date thanks to the dedication and resilience of our teams who have responded superbly, we have risen to the challenge“.

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