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Hilton Food Group Shares Surge After Upgrading Profit Outlook
Hilton Food Group PLC (LON:HFG) shares surged on Thursday after the food packaging company raised its full-year profit forecast, signaling confidence in its operational performance. The positive update propelled the stock to become the top gainer on the FTSE mid-cap index.
Profit Guidance Lifted
Shares in the company climbed 9.7% following the announcement. Hilton Food Group stated it now expects full-year adjusted profit before tax from continuing operations to be in the range of £66 million to £71 million.
This represents a notable increase from its previous guidance of £60 million to £65 million. The revision suggests stronger-than-anticipated performance and has been received positively by investors.
AdOperational Outlook
The company noted that improvement plans at its Seachill division are expected to have a positive impact on results in the second half of 2026. Based on current progress, Hilton Food Group said it maintains a positive view of its medium-term outlook.
Looking further ahead, the company also highlighted its international expansion. New projects in Canada and Saudi Arabia are expected to begin contributing to financial results starting in 2027, underpinning its long-term growth strategy.
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