Grimsby-based Sea Food specialist, the Hilton Food Group, have warned that operating profit will now be below its expectations for the full year, citing inflationary pressures as the primary cause.
In a statement to the London Stock Exchange this morning the company state “Given the challenges in the UK Seafood business alongside the wider macro-economic environment, the Board anticipates that operating profit will now be below its expectations for the full year.
“Despite this the Board remains confident that the business is well placed for 2023, with the Group’s financial position continuing to be strong, with leverage remaining at comfortable levels.
“We have made good progress in ongoing discussions regarding geographic expansion and continue to explore opportunities for growth in our existing markets as we deliver on our strategy of becoming the protein partner of choice.”
