Interim Management Statement

RNS Number : 5300V

Hilton Food Group PLC

04 November 2010

 



Hilton Food Group plc

                                                INTERIM MANAGEMENT STATEMENT

Hilton Food Group plc, Europe's leading specialist retail meat packing business, provides its  Interim Management Statement for the period from 19^th  July 2010 to date.

Trading for the period across the Group's operations has been in line with market expectations. The Group's financial position remains strong and there have been no significant changes to this position since the publication of the Half Year results for the 28 weeks ended 18th July 2010.

In Western Europe we have made good progress and have seen encouraging sales trends. In Holland, we have continued to deliver strong volume growth, and we have also completed the implementation of an automated warehouse to increase operational efficiencies and support higher volume levels.The market in Sweden continues to show signs that it is recovering. In Central Europe, the roll-out of the business into the Baltics has proceeded as planned, and we are also increasing the available capacity of the plant.

In Denmark, the development and equipping of the site to supply Coop Danmark continues in line with our plans with first production expected during the second quarter 2011.

Overall, we are encouraged by our continued progress this year. The Group expects to issue a Pre-Close Trading Statement on 14th January 2011 and its preliminary results for the 52 weeks ended 2nd January 2011 on 31st  March 2011.

For further information please contact: 

Hilton Food Group plc                                             Tel: [phone]

Robert Watson, OBE, Chief Executive

Nigel Majewski, Finance Director

Citigate Dewe Rogerson                                        Tel: [phone]

Tom Baldock

Clare Simonds

 

END

 

 

IMSFMMGMLFRGGZG