British food packer Hilton Food Group said on Tuesday its adjusted operating profit rose 25.3%, helped by higher sales from Ireland and Australia, and Seachill acquisition.
Sales volumes rose 12.7% to 181,255 tonnes for the 28 weeks ended July 15.
Adjusted operating profit rose to £23.6 million from £18.8 million a year earlier, while revenue rose 25% to £863.6 million.
More Diversified
"Hilton has continued to deliver on its strategies to build a significantly bigger more diversified business,” commented Robert Watson, executive chairman. “We achieved strong volume and profit growth during the period including the integration of Seachill and the launch of a fresh food offering in Central Europe.
“We have further extended our geographical reach in Australia where we commenced production and took operational control of two existing facilities whilst constructing a further facility and designing a new facility in New Zealand, which further extends our geographical reach.”
The group took full operational control of its Australian joint venture from July 2018.
Watson added that Hilton Food Group remains “committed to growing our business through innovation and product development as well as continuing to explore opportunities to expand the business both at home and abroad.”
News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.
