Hilton set to meet expectations

4th Nov 2010 13:48

Meat packer Hilton Food says that trading continues to be in line with expectations. Trading has continued to be positive since the end of the first half. Growth has remained strong in Western Europe and particularly in the Netherlands. Sweden is recovering and business in the Baltics is building up. The capacity of the Polish plant is being increased. A new site in Denmark to supply Coop Denmark should open in the second quarter of 2011. This is expected to eventually be a similar size business to Hilton's Swedish operations, which generated one-fifth of last year's sales. Panmure Gordon forecasts a 6% rise in pre-tax profit to £21.3m for 2010. A pre-close trading statement will be issued on 14 January. Hilton has been hit by profit-taking and the shares have fallen by more than 105 over the past month.