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 says sales up, sees 'challenging' outlook

By Frank Prenesti

Date: Tuesday 24 May 2022

LONDON (ShareCast) - (Sharecast News) - Hilton Food Group said sales in the year to date were up year on year, reflecting increases in raw materials and said the outlook for the rest of 2022 was "challenging" due to price pressures.


In a trading statement ahead of its annual shareholder meeting on Tuesday, Hilton said turnover in Europe was up, mainly driven by the higher raw material prices that are being experienced in most markets.

"While higher prices have had some effect on volume, this has been partly mitigated by strong growth in our Central European markets due to the continued success of added-value fresh foods as well as in our slow cooked products business in the UK," the company said.

Hilton added that it had also benefited from the continued expansion of additional proteins such as fish and plant-based products across geographies, particularly in the Scandanavian markets.

"We also continue to make progress in the out of home food market, with our food service business, Fairfax Meadow performing in line with expectations, and Hilton Food Solutions, our trading business also performing well."

"In Australia, we have seen an increase in turnover. Volumes from our Queensland facility were successfully ramped up last year supplemented by the full consolidation of Bunbury and Truganina. In New Zealand, where we have our first food park, volumes continue to increase, including our expansion into fish products."

Hilton said the outlook for the year remained "challenging", with higher input prices potentially reducing volume, and added that it would work with customers and suppliers to help mitigate the impact.

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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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