Hilton Food Group plc, the leading international multi-protein food business, has published a trading update for the 52 weeks ended 2 January 2022.
The company has performed in line with the Board's expectations, with year-on-year sales growth driven predominantly by organic expansion. Over the two year period, Hilton has seen strong, sustained growth, as it delivers towards its goal of becoming the global protein partner of choice.
In Europe, it has continued to make good progress and we have seen strong growth on a two year basis. As expected against strong prior year comparatives, regional revenue is broadly flat for the year reflecting the increase in consumers eating out following the reopening of food service in the second half.
Within the UK, the company has seen strong growth in the slow cooked business, while in Central Europe, it has delivered continued volume growth in fresh food across itsr customers.
The firm continues to deliver against its wider environmental and sustainability targets across the three key categories of product, people and planet. It received approval during the year for its Science Based Targets and continues to demonstrate leadership in sustainable packaging, exceeding its target, with 70% average recycled content in packaging achieved.
Hilton's trading outlook remains positive, with growth prospects underpinned by the expansion plans previously announced.