Interim Management Statement

RNS Number : 6428G

Hilton Food Group PLC

17 May 2011

 



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 3^rd January 2011 to date.

During the period, our trading has been in line with the Board's expectations.Despite challenging conditions for the consumer in some markets, we have continued to benefit from our geographical diversity and grow the business.

In Western Europe we have made good progress and have benefited from the continuing recovery in the Swedish economy. In addition, our new facility in Denmark which was opened three months ahead of the Board's original timing, is proceeding well and in the second half of 2011, we will  install a new robotic store order picking facility  which will further extend the range of services provided by Hilton. Our business in Central Europe, where Hilton supplies customers in seven countries, has continued to perform well.

Net debt  has grown in line with management expectations as a result of  the investment in the new packing plant in Denmark.The Group's financial position remains strong.

Overall, Hilton is encouraged by the start to the current financial year.The Group will continue to explore opportunities to grow the business in both domestic and overseas markets.

The Group expects to issue a Pre-Close Trading Statement on 21 July 2011 and its Interim Results for the 28 weeks ended 17 July 2011 on 13 September 2011.

For further information please contact: 

Hilton Food Group plc Robert Watson, OBE, Chief Executive Nigel Majewski, Finance Director	Tel: [phone]
Citigate Dewe Rogerson Tom Baldock Clare Simonds	Tel: [phone]

 

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