Hilton Food Group (HFG) Trading Update summary

Trading performance

• Strong volume growth sustained across all operating regions, with trading in line with Board expectations.

• Seafood business and UK & Ireland core meat volumes and revenues continue to grow as anticipated.

• European operations show strong performance in core meat and convenience meals; recovery plan ongoing for Dalco in vegan and vegetarian segment.

• APAC region maintains strong volumes despite revenue impact from raw material price deflation.

• Business remains well positioned with a diverse product range, global footprint, and modern automated facilities.

Financial position and outlook

• Financial position remains strong, supporting continued investment aligned with strategic priorities.

• Confident in delivering full-year results in line with expectations.

• Publication date for full-year results to be announced in January 2025.

Management commentary

• CEO highlights ongoing progress, strong customer relationships, and focus on international growth.

• Teams worldwide recognized for their contribution to delivering for customer partners.