Business
Preliminary Results for 2012
Preliminary Results for 2012.
About this update from Hilton Food Group Plc
[{"type":"text","content":"\n \nRNS Number : 0364B Hilton Food Group PLC 28 March 2013 \n \n\n \nHilton Food Group plc\n \nPreliminary results for 2012\n \nWELL POSITIONED FOR GROWTH\n \nHilton Food Group plc, Europe's leading specialist retail meat packing business supplying major international food retailers in thirteen countries, today announces its preliminary results for the 52 weeks ended 30 December 2012. \n \n \n2012 FINANCIAL HIGHLIGHTS\n \n\n\n\n\n\n\n\n \n2012\n52 weeks to\n30 December 2012\n\n\n \n2011\n52 weeks to\n1 January \n2012\n\n\n \n%\nChange\n\n\n\n\n \nRevenue\n \n\n\n \n£1,031.0m\n\n\n \n£981.3m\n\n\n \n+5.1\n\n\n\n\nOperating profit \n \n\n\n£26.0m\n\n\n£25.9m\n\n\n+0.3\n \n\n\n\n\nProfit after tax\n \n\n\n£18.9m\n\n\n£18.6m\n\n\n+1.7\n\n\n\n\nBasic earnings per share \n \n\n\n24.9p\n\n\n24.7p\n\n\n+0.8\n\n\n\n\nClosing net debt\n \n\n\n£5.2m\n\n\n£18.7m\n\n\n-72.2\n\n\n\n\nDividends paid and proposed in respect of 2012\n\n\n12.0 p\n\n\n11.1 p\n\n\n+8.1\n\n\n\n\n \n \n \n \n2012 BUSINESS HIGHLIGHTS\n \n· Revenue growth of 5.1% to over £1bn.\n \n· Volume growth of 4.8% despite challenging market conditions.\n \n· Cash generation of £20.5m, after the maintenance of a high level of investment in equipment and facilities, and a 72% reduction in net debt, from £18.7m to £5.2m.\n \n· Strong balance sheet with gearing at 0.1 times EBITDA and interest cover at 21 times underpinning future expansion and a progressive dividend policy.\n \n· Dividends increased by 8.1%\n \n· The joint venture with Woolworths Limited in Australia announced in January 2013 marks the Group's first expansion beyond Europe into the faster growing Asia Pacific region. \n \n \n \n \nComm...