Hilton Food Group FY earnings seen in line with expectations

Food packaging firm Hilton Food Group said on Thursday that full-year earnings were expected to be in line with internal expectations, driven by continued revenue growth and operational progress.

Hilton Food said trading during the key festive period was "strong", with 3% volume growth in December compared to the same period last year.

The FTSE 250-listed business also stated it was "confident" in the outlook for 2024, underpinned by "positive recent trading" and its "strong financial position" and cash flows with reduced leverage and "comfortable headroom".

Looking ahead, Hilton said the strength of its "highly automated supply chain and leading technology", combined with its "outstanding multi-category food products" provides it with "a strong platform for sustained growth".

"We continue to explore opportunities in existing and new markets as we deliver on our strategy of becoming the international protein partner of choice," added HFG.

As of 1010 GMT, Hilton Food shares were up 1.19% at 765.0p.

Reporting by Iain Gilbert at Sharecast.com