IlluMyFi

(Alliance News) - Hilton Food Group PLC on Thursday said its 2023 results are set to meet expectations after a "strong" festive period. The Huntingdon-headquartered food packaging company recorded volume growth of 3% in the month of December, compared to the same period a year ago and noted revenue increases in its UK and Ireland businesses. As for its UK Seafood division, Hilton Food said it has "performed ahead of our turnaround targets with the business generating operating profits throughout the second half of the year and for the full year in total." In Europe, 2023 revenue is ahead year-on-year, it said, citing "continued growth" in its smoked salmon business Foppen, which it acquired in 2021, while its Asia-Pacific business has continued to deliver strong volume and revenue growth in the period. Looking ahead, the company said it is confident in the outlook for 2024 as a result of recent positive trading. "The strength of Hilton Food's highly automated supply chain and leading technology, combined with our outstanding multi-category food products provides us with a strong platform for sustained growth," it said. Chief Executive Officer Steve Murrells said: "We finished the year with positive festive trading, and full year performance in-line with expectations. Our Christmas period was supported by the strength of our high quality and relevant products. Over the year, we have developed our technology and supply chain capabilities, and underpinned by our Sustainable Protein Plan, we have continued to support our customers, providing them with relevant, high quality proteins that consumers want on their plate. "We were delighted to announce a long term supply agreement with Walmart Canada in September and looking ahead, we remain confident that Hilton's inherent strengths leaves the group well-placed to grow further with new and existing customers as we remain focused on becoming the international protein partner of choice." Shares in Hilton Food were up 1.2% at 765.31 pence each in London on Thursday morning. Comments and questions to newsroom@alliancenews.com Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Bearish/Bullish

12.01.24 05:56

by marketscreener.com

Horizon Aircraft Completes Business Combination with Pono Capital Three, Inc. to...

~ Horizon Aircraft Common Stock to Trade on Nasdaq Under Ticker "HOVR" ~ , (GLOBE NEWSWIRE) -- , doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a hybrid electric Vertical TakeOff and Landing ("eVTOL") aircraft developer, and ("Pono"), a special purpose acquisition company, today announced the completion of the previously announced business combination. Beginning , the combined company will operate as ("Horizon Aircraft") and the common shares and warrants will trade on the under the ticker symbols "HOVR" and "HOVRW", respectively. , Founder, Chief Executive Officer and Chairman of the , and the current management team including Jason O'Neill, Chief Operating Officer, , Chief Engineer, and , Chief Financial Officer, will continue to lead Horizon Aircraft. , Chief Executive Officer of Horizon Aircraft, commented, "I am proud and honored by Horizon Aircraft's achievement of this significant milestone as we embark on our journey as a publicly traded company. This evolution will serve as a catalyst to accelerate our growth by providing the resources to continue the development and testing of our practical, real world use hybrid eVTOL, the Cavorite X7. We are thankful for the Pono team's continued collaboration, support, and conviction throughout the transaction process." , CEO of Pono, added, "The Pono team is excited to have successfully completed this business combination with Horizon Aircraft. We are eager to see Brandon and the Horizon Aircraft team successfully execute their long-term operational and strategic objectives, building value for shareholders and stakeholders alike as they continue to develop a differentiated aircraft that will become dominant in the advanced air mobility space." About Horizon Aircraft Horizon Aircraft is an advanced aerospace engineering company that is developing one of the world's first hybrid eVTOL that is to be able to fly most of its mission exactly like a normal aircraft while offering industry-leading speed, range, and operational utility. Horizon's unique designs put the mission first and prioritize safety, performance, and utility. Horizon hopes to successfully complete testing and certification of its Cavorite X7 eVTOL quickly and then enter the market and service a broad spectrum of early use cases. Visit www.horizonaircraft.com for more information. About Pono is a special purpose acquisition company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Pono's units started trading on the Nasdaq Global Market on , under the ticker symbol "PTHRU." The Class A common stock trades under the symbol "PTHR" and the warrants under the symbol "PTHRW," respectively. The information in this press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 with respect to the proposed...