Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

837.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 985.00
  • 52 Week Low: 815.00
  • Currency: UK Pounds
  • Shares Issued: 89.83m
  • Volume: 335,087
  • Market Cap: £751.86m
  • RiskGrade: 184

Hilton Food to hit forecasts after strong Q4 trading

By Benjamin Chiou

Date: Thursday 09 Jan 2025

LONDON (ShareCast) - (Sharecast News) - Food packaging group Hilton Foods said it expects to hit market forecasts with its 2024 results after a strong finish to the year across all three operating regions.
The company, which specialises in protein packing and convenience food, said results in the final quarter were driven by the core retail meat volumes which grew 4% year-on-year.

In the UK and Ireland, trading was strong for core retail meat and foodservice over Christmas, while the seafood business saw a strong volume performance. Core meat ranges and convenience operations in Europe also performed strongly.

However, raw material price deflation in Asia Pacific continued to impact revenue, though volumes remained strong.

The company said it expects to meet consensus forecasts for an adjusted pre-tax profit of between £74m and £77m for the 12 months to 29 December.

"The final quarter of the year has delivered a strong performance, with the full-year outturn in line with expectations. This success was driven by another solid Christmas trading period and underpinned by our innovative ranges and the growing popularity of beef as a festive centrepiece," said chief executive Steve Murrells.

In other news, the company said its long-term partnership with Walmart continues to develop with Hilton Foods Canada on track to launch in early 2027.

Shares were down 2.3% at 874.3p by 0942 GMT.

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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 837.00p
Change Today 10.00p
% Change 1.21 %
52 Week High 985.00
52 Week Low 815.00
Volume 335,087
Shares Issued 89.83m
Market Cap £751.86m
RiskGrade 184

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.6% below the market average81.6% below the market average81.6% below the market average81.6% below the market average81.6% 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
28.12% above the market average28.12% above the market average28.12% above the market average28.12% above the market average28.12% above the market average
3.23% above the sector average3.23% above the sector average3.23% above the sector average3.23% above the sector average3.23% above the sector average
Income
14.59% above the market average14.59% above the market average14.59% above the market average14.59% above the market average14.59% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
4.95% above the market average4.95% above the market average4.95% above the market average4.95% above the market average4.95% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 1
Sell 1
Strong Sell 0
Total 8
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 03-Apr-2025

Time Volume / Share Price
16:37 85,508 @ 834.25p
16:35 82,032 @ 837.00p
16:35 325 @ 837.00p
16:35 13 @ 837.00p
16:35 124 @ 837.00p

HFG Key Personnel

CFO Matt Osborne

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