Outlook in focus as Hilton Food posts full-year results
Retail meat- and fish-packing business Hilton Food (HFG) is set to report its full-year results on 3 April.
The company gave a pretty clear picture of its 2023 performance in a January trading update so the spotlight is likely to be on the outlook for 2024 and recent trading.
Hilton was hit by two damaging profit warnings in 2022, largely relating to problems in its UK seafood operation.
The business runs automated and robotised food processing, packing and logistics facilities for major international retailers across Europe, Asia Pacific and North America, and through economies of scale is able to secure significant efficiency savings for customers while also carving out a decent margin for itself.
Commenting on the January update, Shore Capital said: ‘Management also looks to the more medium term with confidence as it continues to explore opportunities in both new and existing markets to underpin its strategy to be the international protein partner of choice, with its combination of a highly-automated supply chain, leading technology and multi-category food capabilities expected to drive sustained growth.’
The broker also noted ‘the breadth of growth opportunities that have been cultivated across a range of international markets and protein categories, supported by the monetisation of the automation and technology capabilities now operating under the Greenchain Solutions umbrella’.
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