By Adam Whittaker
Hilton Food said its pretax profit increased last year as product improvements and new ranges boosted sales, and that it expects its 2025 performance to be in line with market views.
The U.K. food company said Tuesday that 2024 pretax profit rose 26% to 61 million pounds ($77.6 million). On an adjusted basis, pretax profit rose 15% to 76.1 million pounds.
Hilton said its results were supported by strong retail meat sales in the U.K., Europe and Asia Pacific. Meanwhile, product improvement and new ranges helped total sales volumes increase by 4.4% to 540,239 metric tons.
The company proposed a final dividend of 24.9 pence a share, taking the total dividend for 2024 to 34.5 pence from 32 pence a year earlier.
Hilton said 2025 had started well despite macroeconomic uncertainty and that is confident that it can grow earnings this year in line with market expectations.
According to a company provided consensus of analysts' views, Hilton is expected to report adjusted profit before tax of between 76.8 million to 83.3 million pounds for 2025.
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
April 08, 2025 02:34 ET (06:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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