Hilton is financially well positioned for future expansion, the Tesco meat packer claimed today as it published its latest trading statement.
Trading in the 28 weeks to 17 July was in line with expectations, the company said, announcing turnover growth despite higher raw material prices.
The company reported “good” turnover growth in Western Europe, a “strong” performance in Sweden and “resilience” of its business in Ireland. As expected, net debt increased following the first phase of planned investment in Denmark, where Hilton opened a facility three months ago.
The remainder of 2011 was likely to remain challenging, the company warned.
Meat packer Hilton hails ‘good progress’ (17 May 2011)
Hilton Food upbeat after Euro improvement (4 November 2010)