Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

843.00p
   
  • Change Today:
    -9.00p
  • 52 Week High: 853.00
  • 52 Week Low: 623.00
  • Currency: UK Pounds
  • Shares Issued: 89.60m
  • Volume: 53,676
  • Market Cap: £755.35m
  • RiskGrade: 184

Hilton Food profits up as revenues, volumes grow

By Frank Prenesti

Date: Wednesday 06 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Hilton Food reported a rise in annual adjusted profit, driven by higher revenues across its global markets as it diversified its product offering.
The FTSE 250 company, which supplies food and ready meals to retailers such as Tesco, said adjusted pre-tax profits were up 13% to £67.2m. Revenue rose by a fifth to £3.3bn and the dividend was lifted to 29.7p a share from 26p each a year earlier.

On a reported basis, pre-tax profit fell 12.3% to £47.4m.

Hilton now operates from 19 factories across 16 countries in Europe and Australasia and said acquisitions in the past year had helped it to generate more than two-thirds of revenue, and 75% of its volume outside the UK.

The company bought Fairfax Meadow, Britain's biggest butcher to the hospitality industry, a Dutch vegan company and a the Foppen smoked salmon business for £76m, the group's first entry into the US market.

Overall volume increased by 7% on a comparable 52 week basis to 492,588 tonnes, with growth across all protein categories with two-year compound annual growth in meat & seafood of 14.3%, vegan & vegetarian 26.4% and added-value easier meals 36.0%.

Chief executive Philip Heffer said that while inflationary challenges persisted "our model positions us well to provide nutritious, affordable, and increasingly sustainable protein at scale, fulfilling changing consumer demands".

"Against the backdrop of a more challenging environment, with global uncertainties impacting supply chains and inflation, the Hilton Board is confident of making further progress in 2022. We continue to explore opportunities with existing and new customers for further expansion in our domestic and overseas markets," the company said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HFG Market Data

Currency UK Pounds
Share Price 843.00p
Change Today -9.00p
% Change -1.06 %
52 Week High 853.00
52 Week Low 623.00
Volume 53,676
Shares Issued 89.60m
Market Cap £755.35m
RiskGrade 184

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
47.43% above the market average47.43% above the market average47.43% above the market average47.43% above the market average47.43% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 1
Sell 1
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HFG Dividends

  Latest Previous
  Interim Final
Ex-Div 02-Nov-23 01-Jun-23
Paid 01-Dec-23 30-Jun-23
Amount 9.00p 22.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:36 1,670 @ 843.00p
16:35 12,243 @ 843.00p
16:35 105 @ 843.00p
16:35 8 @ 843.00p
16:35 130 @ 843.00p

HFG Key Personnel

CFO Matt Osborne

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