Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

 916.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 942.00
  • 52 Week Low: 637.00
  • Currency: UK Pounds
  • Shares Issued: 89.70m
  • Volume: 0
  • Market Cap: £821.67m
  • RiskGrade: 184

Hilton Food profits dented by higher interest costs

By Michele Maatouk

Date: Thursday 07 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Hilton Food posted a drop in interim profits on Thursday due to higher interest costs, but lifted its dividend.
In the 28 weeks to 16 July, adjusted pre-tax profit fell 22.2% to £26.8m, impacted by higher interest costs. Hilton said revenue rose 5.2% to £2.1bn, driven mainly by raw material price inflation, and volumes nudged up 0.2% to 272,321 tonnes.

The company highlighted a strong performance in the Asia Pacific region, delivered through partnership with Woolworths. It also said the core meat category continued to perform well and pointed to new business wins in poultry and food service.

The recovery in the seafood segment is on track following management actions, Hilton added.

The company declared an interim dividend of 9p a share, up 26.8% on the same period a year earlier.

"Hilton Foods is well positioned to continue to trade in line with board expectations for the rest of the year," it said.

"Growth prospects are underpinned by recent acquisitions and the continued recovery in seafood, combined with opportunities to develop cross-category business and utilise wider supply chain management expertise. Hilton Foods continues to explore growth opportunities and wider geographic expansion with existing and new customers. With a strong financial position with leverage and headroom at comfortable levels, the outlook for continued progress remains positive."

Email this article to a friend

or share it with one of these popular networks:


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 916.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 942.00
52 Week Low 637.00
Volume 0
Shares Issued 89.70m
Market Cap £821.67m
RiskGrade 184

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.88% below the market average74.88% below the market average74.88% below the market average74.88% below the market average74.88% below the market average
85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average
Price Trend
49.41% above the market average49.41% above the market average49.41% above the market average49.41% above the market average49.41% above the market average
44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average
Income
33.59% above the market average33.59% above the market average33.59% above the market average33.59% above the market average33.59% 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
Growth
18.84% below the market average18.84% below the market average18.84% below the market average18.84% below the market average18.84% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 1
Sell 1
Strong Sell 0
Total 6
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
  Final Interim
Ex-Div 30-May-24 02-Nov-23
Paid 28-Jun-24 01-Dec-23
Amount 23.00p 9.00p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

HFG Key Personnel

CFO Matt Osborne

Top of Page