Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

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

Australia growth underpins solid year for Hilton Food Group

By Josh White

Date: Wednesday 07 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Hilton Food Group said turnover had improved 50% in its preliminary results on Wednesday, to £2.77bn at constant currency, thanks to strong growth in Australia.
The FTSE 250 food packaging company put that down to the end of a transition period for its joint venture with purchase of the venture's assets, and a full year at its "state-of-the-art" facility in Brisbane.

It said its adjusted operating profit was 22.5% firmer for the 53 weeks ended 3 January, at £67m, while adjusted basic earnings per share were 20.4% higher at 55.4p.

Cash flows from operating activities improved 30.5% year-on-year, to £91.7m.

The company's board proposed a 21.5% hike in the total dividend for the year, to 26p.

On the operational front, the company said it had opened its new facility in Belgium for the Ahold Delhaize supermarket group, with a volume ramp-up underway, while its New Zealand facility was scheduled to open in the third quarter of the year.

Volume growth for the year was 23.8%, within which Australia grew 107.9% and Europe grew 8.5%.

"[Our] response [to Covid-19] underpinned a strong performance with both volume and profit growth and we concluded our joint venture transition period in Australia and purchase of the related joint venture assets while marking our one year anniversary of the opening of our Queensland facility," said chairman Robert Watson.

"In Europe we set up a new facility in Belgium during the year to supply Delhaize and continued to further diversify our product offering in the plant-based, seafood and convenience categories.

"As with all businesses there remain some uncertainties concerning the full impact of Covid-19, including potential recessionary risks, but our robust and sustainable business model and wide geographical spread make us believe we are well placed to meet any future challenges."

At 0913 BST, shares in Hilton Food Group were up 3.76% at 1,160p.

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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 985.00p
52 Week Low 646.00p
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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