UK giant lost $18 million on struggling seafood arm, but analysts say worst may be behind it

UK processor Hilton Group is expecting its seafood business to reach break-even in 2023 and return to historical, pre-pandemic profitability levels by the end of 2024.

Hilton decided not to pass on the raw material price increases in full to sustain demand, however category volumes decreased by around 10 percent as consumers moved to cheaper proteins.
Hilton decided not to pass on the raw material price increases in full to sustain demand, however category volumes decreased by around 10 percent as consumers moved to cheaper proteins.Photo: LinkedIn
Published 30 May 2023, 05:01Updated 30 May 2023, 12:50