Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

873.00p
   
  • Change Today:
      14.00p
  • 52 Week High: 942.00
  • 52 Week Low: 623.00
  • Currency: UK Pounds
  • Shares Issued: 89.70m
  • Volume: 212,687
  • Market Cap: 783.10m
  • RiskGrade: 184

Hilton Foods sees profits jump 20% on seafood performance

By Benjamin Chiou

Date: Wednesday 03 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Meat, seafood and meat alternatives group Hilton Foods saw profits rise by a fifth in 2023 despite modest top-line growth. helped by the turnaround in its seafood business.
Adjusted pre-tax profit came in at 66m, up 20.3% at constant currencies, with adjusted operating margins improving to 2.4% from 1.8%.

Volumes increased by just 0.7% to 517,347 tonnes, while revenues rose 5.7% to 3.99bn.

The recovery in seafood is being delivered "ahead of plan", Hilton said, returning to full-year operating profitability. However, market challenges in the vegetarian/vegan unit have remained, leading the company to take seps to consolidate the business into a single operating facility.

Free cash flow improved to 112.1m, up from an outflow of 79.4m in 2022, though net bank debt reduced to 139.7m from 211.6.

The board proposed a final dividend of 23p, taking the total payout to 32p, up 7.7% on 2022.

"Growth prospects are underpinned by the strength of our core meat business, the continued recovery in seafood and in the medium term our recent acquisitions and the developing relationship with Walmart in Canada," the company said in a statement.

"The group's financial position remains strong, with improving leverage and headroom at comfortable levels, and we continue to explore new growth opportunities with existing partners, wider geographic expansion and complementary M&A."

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 873.00p
Change Today 14.00p
% Change 1.63 %
52 Week High 942.00
52 Week Low 623.00
Volume 212,687
Shares Issued 89.70m
Market Cap 783.10m
RiskGrade 184

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.29% below the market average68.29% below the market average68.29% below the market average68.29% below the market average68.29% 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
46.92% above the market average46.92% above the market average46.92% above the market average46.92% above the market average46.92% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
42.07% above the market average42.07% above the market average42.07% above the market average42.07% above the market average42.07% above the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average
Growth
24.57% below the market average24.57% below the market average24.57% below the market average24.57% below the market average24.57% below the market average
18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% 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 14-Jun-2024

Time Volume / Share Price
16:35 34,778 @ 873.00p
16:35 1 @ 873.00p
16:35 170 @ 873.00p
16:35 163 @ 873.00p
16:35 38 @ 873.00p

HFG Key Personnel

CFO Matt Osborne

Top of Page