Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

900.00p
   
  • Change Today:
    -14.00p
  • 52 Week High: 985.00
  • 52 Week Low: 646.00
  • Currency: UK Pounds
  • Shares Issued: 89.70m
  • Volume: 144,023
  • Market Cap: £807.32m
  • RiskGrade: 184

Hilton Food boosted by shift to increased home consumption

By Michele Maatouk

Date: Thursday 14 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Food packing company Hilton Food Group said on Thursday that it has performed ahead of its expectations as it continues to benefit from a shift to home consumption amid the Covid-19 crisis.
In an update for the 53 weeks to 3 January, the company said it had seen a continuation of strong year-on-year sales and volume growth, driven by both its own expansion and the change in people's eating habits since the pandemic.

In Europe, it has continued to make good progress in a number of markets, benefitting from consumers eating out less often due to the ongoing impact of Covid-19. Turnover in the UK is therefore higher, driven mainly by red meat and fish volumes.

In Sweden and Denmark, where Hilton is now packing chicken, turnover has continued to grow, while in Holland, red meat volumes have risen and the group has also benefitted from increased volumes of vegetarian and vegan products produced by Dalco.

Hilton said volumes in Central Europe have remained "buoyant", with continued volume growth in Fresh Food across both Tesco and Zabka. In addition, the company's Belgian operation is proceeding in line with its expectations.

"Hilton's trading outlook remains positive, with growth prospects underpinned by the expansion plans previously announced covering Belgium and New Zealand, as well as further opportunities arising across our markets by the development of our cross category business and the application of Hilton's supply chain management expertise," the company said.

"Funding is in place to cover the announced expansions and the group's financial position remains strong. We will continue to explore opportunities to grow the business in both domestic and overseas markets."

Hilton is due to publish its preliminary results on 7 April.

At 0810 GMT, the shares were up 1.6% at 1,148.18p.

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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 900.00p
Change Today -14.00p
% Change -1.53 %
52 Week High 985.00
52 Week Low 646.00
Volume 144,023
Shares Issued 89.70m
Market Cap £807.32m
RiskGrade 184

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.79% below the market average79.79% below the market average79.79% below the market average79.79% below the market average79.79% 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
58.18% above the market average58.18% above the market average58.18% above the market average58.18% above the market average58.18% above the market average
53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average
Income
24.23% above the market average24.23% above the market average24.23% above the market average24.23% above the market average24.23% above the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Growth
12.86% below the market average12.86% below the market average12.86% below the market average12.86% below the market average12.86% below the market average
18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above 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
  Interim Final
Ex-Div 31-Oct-24 30-May-24
Paid 29-Nov-24 28-Jun-24
Amount 9.60p 23.00p

Trades for 31-Oct-2024

Time Volume / Share Price
17:30 7,357 @ 899.94p
17:30 8,066 @ 899.94p
17:30 12,183 @ 899.94p
17:30 1,095 @ 899.94p
16:35 56,627 @ 900.00p

HFG Key Personnel

Chair Robert Watson
CFO Matt Osborne

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