Out­look ‘pos­i­tive’

Fish Farmer - - Mixed Fortunes In ‘market Failure’ -

THE Hil­ton Food Group, own­ers of Grimsby based Seachill and sup­plier of sal­mon and other seafood to Tesco, said its trad­ing out­look re­mained pos­i­tive de­spite the cri­sis.

The group, which said it had a good cash flow, is ex­pand­ing into the south­ern hemi­sphere via Aus­tralia and New Zealand, along with ex­plor­ing fur­ther op­por­tu­ni­ties through Seachill.

It said in a trad­ing up­date: ‘Hil­ton re­mains well placed to de­liver con­tin­ued growth over the medium term en­hanced by fur­ther op­por­tu­ni­ties to de­velop our cross cat­e­gory busi­ness in both do­mes­tic and over­seas mar­kets.

‘Over­all, dur­ing the cur­rently evolv­ing Covid-19 out­break, we re­main fo­cused dur­ing these chal­leng­ing times on the well­be­ing of em­ploy­ees and work­ing with our cus­tomers, them­selves mar­ket lead­ers and key sup­pli­ers across our ter­ri­to­ries, to help meet the cur­rently in­creas­ing con­sumer de­mand for pro­tein based prod­ucts.’

Its Saucy Fish brand has re­cently launched into the Aus­tralian mar­ket.

It adds: ‘We have also es­tab­lished a num­ber of pro­to­cols to pro­tect our peo­ple and to min­imise con­tact with our groups.

‘All of our fa­cil­i­ties re­main fully op­er­a­tional, and in ad­di­tion we have es­tab­lished busi­ness con­ti­nu­ity and flex­i­ble buy mod­els and sup­ply op­tions, which may be tested dur­ing this pe­riod as we con­tinue to play our part in feed­ing the na­tion and sup­port­ing on­go­ing de­mand.’

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