Hilton Food Group has reported that its revenue for the third quarter of fiscal 2024 is surpassing the same period last year. The London-listed food company's performance is in line with the board's expectations.
APAC Continues to Drive Growth
Hilton Food Group stated that its revenue for the period ending October 29th reflects the ongoing impact of raw-material price increases and highlights APAC's consistent strong performance. The company also credits its robust meat category and the benefits of a full year of trading from an acquisition for the revenue growth.
APAC and U.K. Seafood Business Deliver Strong Results
The company continues to experience impressive volume and revenue growth in APAC while successfully meeting the board's operating performance targets for the U.K. seafood business. Hilton Food Group is on track to achieve operating profitability in both the third quarter and the full year.
Europe Shows Positive Growth
In Europe, Hilton Food Group's revenue exceeds that of the previous year's same period, driven by continued growth in the Foppen business and the central European convenience food business.
Strong Performance and Operational Progress
The first-half performance and operational progress have carried over into the third quarter, indicating a consistent upward trend for Hilton Food Group.
Solid Financial Position
Hilton Food Group assures that its financial position remains strong, maintaining comfortable levels of leverage.
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