Hilton Food Group Plc s said it was on track to deliver 2025 earnings in line with guidance after a sharp jump in profits last year, driven by its core retail meat business which outperformed total market growth in every region.
The company posted a 25% rise in pre-tax earnings to £61m in the year to December and hiked its dividend 7.8% to 34.5p. On an adjusted basis profits rose 15.3% to £76.1m.
"While the macro backdrop remains uncertain we are confident that we can deliver further earnings growth for the full year, in line with market expectations," the company said on Tuesday.
Analysts are forecasting adjusted pre-tax profits of £76.8m - £83.3m.
"Beyond the near term, we are well placed for continued success with a strong medium-term growth pipeline and recently secured opportunities in new geographies, underpinning our expansion strategy and long-term vision."
Reporting by Frank Prenesti for Sharecast.com