The Lemon Fool

Hilton Food Group plc, a leading international protein producer, today announces its preliminary results for the 52 weeks ended 2 January 2022.

Financial highlights:

· Group revenue up 21.6%* to £3.3bn (2020: £2.77bn), driven by growth across proteins and geographies

· Volume growth of 7.0%* to 492,588 tonnes (2020: 469,110 tonnes)

· Adjusted profit before tax higher by 13.0%* to £67.2m (2020: £61.1m)

· IFRS profit before tax lower by 12.3% to £47.4m (2020: £54.0) after exceptional items of £8.2m

· Adjusted basic earnings per share up 13.8%* at 61.3p (2020: 55.4p)

· IFRS basic earnings per share down 7.4% at 45.0p (2020: 48.6p)

· Strong cash flows from operating activities £121.3m (2020: £120.8m) with £57.4m capex investment and a strong balance sheet following refinancing

· Proposed final dividend of 21.5p, taking total dividend for 2021 to 29.7p (2020: 26.0p)