Hilton Food Group (LSE:HFG) has repeated its 2026 adjusted profit before tax guidance of £60m-£65m.
In a trading statement, ahead of its AGM, the company said trading in its core meat and fresh prepared food businesses has been good, benefiting from momentum in Australia and New Zealand.
It also reported continued challenges in its seafood, vegetarian and vegan businesses, and said it is implementing cost reduction plans at Seachill, has switched Foppen exports to sea freight while awaiting FDA feedback on Greek export restrictions, and is seeking to increase volume and utilise spare capacity at Dalco.
The Group reiterated it expects capital expenditure to be around £100m, that net debt will increase over the year, and that it remains cautious on the inflationary backdrop and potential impacts of the situation in the Middle East.
Hilton Food Group will announce interim results for the 26 weeks ending 28 June on 3 September.
