Meat processor Hilton Food Group has hinted at growth in UK volumes as it reports “steady progress” in Western Europe.
Trading across the group’s operations from 16 July to date had been in line with the board’s expectations, Hilton - which packs meat for Tesco - said in its interim management statement issued this morning. Volumes had picked up in both Holland and the UK, where Hilton had “supported its customers with a number of initiatives,” it said.
Overall, the group was encouraged by Hilton’s progress this year, against the backdrop of challenging market conditions. “The group’s financial position remains strong, there having been no significant change to the balance sheet position since the half-year.”
The group intends to publish a pre-close trading statement on 10 January 2013.