Annual Report and
Financial Statements
2025
Meals that
matter,
shaped
by us
Annual Report and
Financial Statements
Meals that
matter,
shaped
by us
Contents
01 10 75 133
Overview
Meals that matter, shaped by us 01
Hilton Foods at a glance 06
2025 overview 08
View our
2025 Annual
Report and
Financial
Statements
online.
Strategic Report
Executive Chair’s introduction 11
Business model 14
Our strategy 16
Performance and
financial review
23
Risk management
and principal risks
29
Stakeholder engagement
(Section 172)
37
Sustainability 42
Financial Statements
Consolidated income statement 134
Consolidated statement
of comprehensive income
135
Consolidated and Company
balance sheet
136
Consolidated and Company
statement of changes in equity
138
Consolidated and Company
cash flow statement
140
Notes to the financial
statements
142
Glossary 201
Registered office and advisors 202
Governance
Our Board 76
Governance at a glance 78
Board activities 80
Corporate governance
statement
82
Report of the Audit Committee 86
Report of the Nomination
Committee
90
Directors’ remuneration report 94
Directors’ report 119
Statement of Directors’
responsibilities
122
Independent auditor’s report 123
Meals that
matter,
shaped
by us
With international reach and local expertise,
we’re the reason quality food makes it to
tables around the world. You might not
see us on the label, but we’re behind the
consistency, quality and innovation that puts
products on the shelves of leading retailers
around the world. We’re a driving force
inthefood industry, delivering real value
for our customers. It’s work that matters –
essential, dynamic and full of purpose.
Overview Strategic Report Governance Financial Statements 01Hilton Food Group plc Annual Report & Financial Statements 2025
Find out more about our multi-category offer on page 19.
Hilton Foods are behind the meal on your table,
or in your neighbour’s fridge. We supply food to
millions through our retail partners, both near and far.
From operations to engineering, our people work
with care, dedication and determination. There’s
purpose behind every product, because great food
doesn’t happen by accident. It’s crafted, tested and
trusted – every day.
We’re delivering affordable choices by
innovating everyday products, combining
consumer insight, product development
expertise and efficient facilities. We’re making
quality food more accessible to every budget.
Food for millions,
shaped by us
02
quality food more accessible to every budget.
Hilton Food Group plc Annual Report & Financial Statements 2025 02Overview Strategic Report Governance Financial Statements
Quality you trust,
shaped by us
From warehouse operations to data analytics
to product innovation, our teams work
together with one shared goal: delivering
quality food to millions across every
country we serve.
Find out more about our people on page 22.
Each of our sites is powered by local talent
and team spirit, strengthened by our trusted
reputation as an international leader on an
exciting growth journey. The culture we’ve built
belongs to all of us, creating a company we’re
proud to be part of.
quality food to millions across every
Hilton Food Group plc Annual Report & Financial Statements 2025 03Overview Strategic Report Governance Financial Statements
Products for
all occasions,
shaped by us
We’re producing a broad range
of relevant products, from everyday
staples to special-occasion
favourites ensuring everyone
can enjoy food that fits their
needs, occasions and lifestyle.
Find out more about where we operate on page 07.
Our local facilities combine automation with craftsmanship,
creating everything from everyday essentials to special-
occasion favourites, all with quality and affordability at their
core. By staying close to consumer trends, we stay ready for
whatever customers need next.
needs, occasions and lifestyle.
Hilton Food Group plc Annual Report & Financial Statements 2025 04Overview Strategic Report Governance Financial Statements
We partner across the supply chain
to advance more sustainable food
production. Together, we’re shaping
a food system that supports people,
product and the planet for generations
to come.
Find out more about sustainability on page 42.
We’re breaking down silos and strengthening
how we communicate and deliver our sustainability
priorities across the business. At the foundation of our
approach are Partnerships, Standards, Transparency
and Governance, keeping our progress robust,
consistent and aligned with our long-term goals.
Stronger supply
chains, shaped by us
05
We partner across the supply chain
to advance more sustainable food
production. Together, we’re shaping
a food system that supports people,
product and the planet for generations
and strengthening
how we communicate and deliver our sustainability
priorities across the business. At the foundation of our
approach are Partnerships, Standards, Transparency
and Governance, keeping our progress robust,
consistent and aligned with our long-term goals.
chains, shaped by us
Hilton Food Group plc Annual Report & Financial Statements 2025 05Overview Strategic Report Governance Financial Statements
Hilton Foods at a glance
Our diversified food and supply
chain services business
Vegan and vegetarian
Meat substitute products
ranging from cutlets to kievs
Easier meals
Slow-cooked, ready-to-cook
or ready-to-eat prepared foods
Supply chain services
Sortation and logistics services
Seafood
Responsibly and sustainably sourced
Meat
High quality, efficiently processed, expertly packed
Hilton Foods at a glance
Hilton Food Group plc Annual Report & Financial Statements 2025 06Overview Strategic Report Governance Financial Statements
Hilton Foods at a glance
continued
Delivering innovative solutions
from our global operations
Australia
New Zealand
Portugal
United Kingdom
Denmark
Sweden
Netherlands
Central Europe
Greece
Saudi Arabia
Ireland
Canada
full launch
early 2027
JV launching
H2 2026
£99.2m
capital investment
in 2025
21
markets served
internationally
7,400
people globally
21
facilities
Hilton Food Group plc Annual Report & Financial Statements 2025 07Overview Strategic Report Governance Financial Statements
2025 overview
Financial highlights
We delivered a resilient
financial performance
in2025, against a
backdrop of high raw
material cost inflation.”
Mark Allen OBE
Executive Chair
£4.2bn
*
(2024: £3.8bn)
Group revenue up 11.9%
onaconstant currency basis,
drivenby significant raw
material price inflation
£99.3m
(2024: £104.7m)
Adjusted operating
profit down 5.2%
£124.2m
(2024: £183.8m)
Cash flow
generated from
operations
56.0p
(2024: 61.0p)
Adjusted basic earnings
per share down 8.2%
523,379t
*
(2024: 522,457t)
Volume growth
of 0.2%
£90.2m
*
(2024: £94.9m)
Statutory operating
profitdown5.0%
35.0p
(2024: 34.5p)
Proposed final dividend
of 24.9p, taking total
dividend for 2025 to 35.0p
87.8p
(2024: 43.7p)
Basic earnings
per share up 100.9%
Adjusted operating profit (£m)
2
025
99.3
2
024
104.7
2
023
95.0
2
022
71.1
2
021
73.6
Net bank debt (£m)
2
025
126.7
2
024
131.4
2
023
139.7
2
022
211.6
2
021
84.6
Revenue
*
(£m)
2
025
4214.6
2
024
3821.4
2
023
3821.6
2
022
3689.5
2
021
3278.5
* Excludes Fairfax Meadow, following its sale in September 2025.
Hilton Food Group plc Annual Report & Financial Statements 2025 08Overview Strategic Report Governance Financial Statements
Growing our
global footprint
2
4
Expanding our
multi-category offer
Building further
expertise as a supply
chain partner
Leverage technology
as a driver of value
95%
of our primary
protein suppliers are
now human rights
risk assessed
Launch of
our global health
and safety strategy
82%
of high-risk suppliers
are now audited
to ethical standards
36%
reduction in Scope 1
and 2 emissions
A
score for
climate change
33%
reduction in Scope
3 emissions
People
Planet
Product
33%
reduction in
food waste
80%
renewable electricity
54%
recycled content in
all plastic packaging
▶ We leverage our strengths
in food processing, innovation,
quality, service and value to
accelerate growth.
▶ Through 2025, we made good
progress and remain on schedule
to launch our joint venture with
NADEC in Saudi Arabia and our
new facility in Canada.
▶ We are driving organic and
incremental growth through our
multi-category expertise in meat,
seafood, vegan and vegetarian,
easier meals and supply chain
service offerings.
▶ In 2025, against a challenging
inflationary environment, we
developed new product ranges
focusing on consumer affordability
and strong value product offerings.
▶ Strengthening our role as a
supply chain expert enables
us to positively impact food
supply chains.
▶ In 2025, we safeguarded
product availability in white fish
and red meat for customers,
while accelerating emissions
reduction and more sustainable
packaging solutions.
▶ We are leveraging automation
and specialist food systems to
enhance efficiency, reduce labour
reliance and drive value across
the value chain.
▶ In 2025, we realised value through
external investment in Foods
Connected, while we are also
commencing roll-out of a new
ERP system.
Delivering against our objectives
1
3
Read more on page 18.
Read more on page 19.
Read more on page 20. Read more on page 21.
2025 overview
continued
Strategic highlights Sustainable Protein Plan highlights
Hilton Food Group plc Annual Report & Financial Statements 2025 09Overview Strategic Report Governance Financial Statements
Executive Chair’s introduction 11
Business model 14
Our strategy 16
Performance and financial review 23
Risk management and principal risks 29
Stakeholder engagement (Section 172) 37
Sustainability 42
Strategic
Report
Overview Strategic Report Governance Financial Statements Hilton Food Group plc Annual Report & Financial Statements 2025 10
Executive Chair’s introduction
Building on our strengths
to deliver meals that matter
A year in review
Against a backdrop of sustained input
cost inflation, Hilton Foods delivered
resilient underlying performance from
its core meat businesses in 2025. We saw
stable demand overall and seasonal peak
trading was robust, highlighting the
strength of our customer partnerships
Revenue from continuing operations
was up 10.3% reflecting the inflationary
environment and adjusted profit before
tax from continuing operations was
down 1.0% on a constant currency basis.
We continued to navigate external
pressures with focus and discipline,
although market conditions for our UK
seafood business Seachill, our smoked
salmon business, Foppen and our
vegetarian business, Dalco remain
challenging. Specific to Foppen,
regulatory restrictions on smoked salmon
exports from Greece to the United
States resulted in material exceptional
items. These related to incremental costs
of maintaining supply to our customers
and a write-off of inventory.
We have now delivered successful
contract renewals in the Netherlands and
Denmark, and the development of our
new facilities in Canada and Saudi Arabia
remain on schedule.
We also realised tangible value through
active portfolio management. We sold
down an interest in the supply chain
software business, Foods Connected,
crystallising value, while retaining a
minority interest to benefit from future
growth. In addition, the sale of Fairfax
Meadow, the UK’s leading meat supplier
to the food service sector, further
streamlined the Group and sharpened
our focus on our core retail operations.
Strategic review
The case studies shared within this report
reflect the ongoing strategy in 2025 and
are also consistent with the conclusions
from our detailed strategic review to
determine our focus from 2026 to 2030.
Its completion in early 2026 marked an
important milestone and importantly,
it reaffirmed the strength and
defensibility of our core retail meat
business as the foundation of our
performance. The review also clarified
where our future growth focus and
capital will be concentrated, with the
identification of clear opportunities
for margin-enhancing growth in fresh
prepared food categories in under-served
international markets. This includes
initial plans to expand our facilities in
Central Europe, alongside continued
geographical expansion.
This growth will be underpinned by
a reinforced disciplined capital allocation
framework. Investment will be prioritised
in areas aligned to our core capabilities,
as we seek to drive operational efficiency
and deliver selective market expansion.
To support delivery of our strategy,
a new organisational structure and
strengthened leadership team is in place.
This includes the creation of two Chief
Operating Officer roles focused on our
core meat and fresh prepared food
businesses in the newly formed East and
West regions. Those businesses that have
limited synergy with our core capabilities,
specifically Seachill, Foppen and Dalco,
will sit outside this structure and all have
concentrated improvement plans to
increase our strategic optionality.
The outcomes of the review and our
strengthened leadership structure
provide a clear roadmap to guide
performance, investment decisions and
sustainable value creation through 2026
and beyond.
Hilton Foods delivered
resilient underlying
performance in 2025
and the outcomes of our
strategic review will result
in a sharper focus on our
core strengths.”
Mark Allen OBE
Executive Chair
Hilton Food Group plc Annual Report & Financial Statements 2025 11Overview Strategic Report Governance Financial Statements
Executive Chair’s introduction
continued
Capital allocation framework
and medium-term targets
Our capital allocation framework remains
disciplined and aligned to long-term
value creation. We will continue to
prioritise investment in our core meat
and fresh prepared food activities to
improve operational efficiency and
expand capacity where required.
We will also look to invest in selective
geographic expansion to accelerate
growth, using our investment in Canada
as a framework, all while maintaining an
appropriately prudent balance sheet.
The Board also remain committed to
a progressive dividend policy. The Group
has recommended a 2025 final dividend
of 24.9p per ordinary share, which
together with the interim dividend
of 10.1p results in a 1.4% increase in
the full-period dividend per ordinary
share to 35.0p.
We expect our refreshed strategy
to deliver mid-single-digit adjusted
operating profit growth from our existing
core operations per year on average,
in addition to cash conversion of 100% on
average and average return on capital
employed greater than 20%.
Sustainability
Sustainability remains integral to our
strategy and a key customer priority.
We work closely with our customers
and collaborate across the supply chain
to strengthen responsible sourcing,
enhance operational efficiency and
reduce waste, embedding sustainable
practices throughout our value chain.
As we conclude our 2025 Sustainable
Protein Plan, we have taken the
opportunity to evolve and simplify our
sustainability framework to increase
clarity, accountability and impact.
Our refreshed approach is built around
two core pillars of People and Planet
reflecting a more holistic model that fully
integrates our product ambitions within
these priorities.
This evolution simplifies how we
set priorities, measure progress and
communicate our commitments,
while ensuring we deliver meaningful,
long-term impact for our stakeholders.
People, culture and leadership
Our 2025 performance reflects
the dedication, resilience and
adaptability of our colleagues across
all geographies. In a period marked
by sustained inflationary pressures,
operational disruption and evolving
customer demands, our teams
responded with professionalism,
agility and a clear focus on delivery.
Hilton Food Group plc Annual Report & Financial Statements 2025 12Overview Strategic Report Governance Financial Statements
During the period, Steve Murrells CBE
stepped down as Group Chief Executive
Officer. As part of this transition, and to
support delivery of our strategic priorities,
we have now strengthened our senior
leadership structure. Further detail on
this transition and my role as Executive
Chair can be found on page 91 in the
Governance section of this report. I was
delighted to welcome Samy Zekhout and
Melanie Chambers into their expanded
roles as Chief Operating Officers.
Their operational expertise, alongside
the broader Executive Leadership Team,
strengthens accountability, execution
and alignment across the Group.
The Board is confident that this enhanced
leadership capability and focus
positions us to address current
challenges decisively, while capturing
future growth opportunities.
Executive Chair’s introduction
continued
We remain committed to developing
talent, deepening succession and
fostering a culture of accountability
and continuous improvement.
Outlook
We continue to operate against an
environment of persistent input cost
pressures, although performance from
our core meat and fresh prepared food
businesses has remained resilient in
the early part of 2026. The impacts have
continued to be felt more keenly in our
European fish businesses. In addition,
we expect ongoing restrictions on
salmon exports from Greece to the
United States to remain in place for
at least the first half of 2026.
Against an uncertain backdrop, we are
delivering transformation and profit
improvement initiatives across the Group
to enhance resilience and returns.
Our confidence in the Group’s longer-
term prospects has been strengthened
by the clarity provided through our
strategic review. While there are short-
term challenges, Hilton Foods’ success is
built on trusted partnerships, operational
excellence and disciplined execution.
With a strengthened leadership team
and sharper strategic focus, we are
well positioned to navigate current
headwinds and deliver sustainable
long-term value for all stakeholders.
Mark Allen OBE
Executive Chair
30 March 2026
35.0p
2025 full period dividend
per ordinary share
1.4%
Increase in full
period dividend per
ordinary share
Against an uncertain backdrop, we are
delivering transformation and profit
improvement initiatives across the Group
to enhance resilience and returns.
Our confidence in the Group’s longer-
term prospects has been strengthened
by the clarity provided through our
strategic review. While there are short-
term challenges, Hilton Foods’ success is
built on trusted partnerships, operational
excellence and disciplined execution.
With a strengthened leadership team
and sharper strategic focus, we are
well positioned to navigate current
headwinds and deliver sustainable
long-term value for all stakeholders.
Hilton Food Group plc Annual Report & Financial Statements 2025 13Overview Strategic Report Governance Financial Statements
Business model
We supplyWe deliverWe manufacture
Driving efficiency through
our specialisation model
We source We innovate
We source responsibly and
in partnership with our
customers from trusted
suppliers. We utilise high
quality raw materials to
industry leading standards
and traceability.
High quality protein
Ingredients
Processing
equipment
and resources
Packaging
Multi-category
foodproducts
Meat
Seafood
Vegan and
vegetarian
Easier meals
Supply chain
services
21 international markets
Leading retailers
Brands
Co-manufactured
products in line with
their brand and needs.
Manufacturers
Supply chain services
including enhanced services
for our food customers such
as store order picking and
other services.
We provide integrated supply chain services, including food processing, production and sortation.
These deliver efficiencies through our market leading technology and automation capability.
We process high quality
proteins and ingredients to
create high quality, relevant
product ranges, treating our
customers’ brand as our own
through transparent, open
book models.
Food products are processed
in our well invested, highly
automated facilities. We
maximise efficiency through
our manufacturing excellence
programme and culture
of continuous improvement.
We innovate products,
processes and packaging
to create exciting new
food products and supply
chain solutions, to meet
our customers and their
consumers’ needs.
Our data-driven approach
provides us with market
leading insight, which we
use to drive supply chain
improvements and innovation.
We integrate
Hilton Food Group plc Annual Report & Financial Statements 2025 14Overview Strategic Report Governance Financial Statements
Business model
continued
Creating value for
all our stakeholders
Investment in supply chain
services deliver efficiencies
and end-to-end supply
chain optimisation
End-to-end supply
chain management
software for food
safety, compliance,
procurement and CSR.
Provides physical
material handling
solutions and automation
control software.
Flexible factory-wide
Enterprise Resource
Planning system.
Agnostic software
solution for control
of production
line equipment.
Our competitive advantages
Well-invested,
efficient facilities
Expanding
international reach
Sustainable
Protein Plan
The value we create
Our consumers
54%
of our packaging is now
recycled, helping consumers
make more sustainable
product choices
Our people
80%
colleague safety index score,
improved period on period
following the launch of our
safety culture Destination
Zero campaign
Our investors
1.4%
dividend increase
Our environment
33%
reduction in Scope 3
emissions
Our customers
£99.2m
strategic investment in our
core business and production
capacity to support growing
customer demand
Our suppliers
95%
of our primary protein
suppliers are now human
rights risk assessed
Our communities
GOLD
award from Grocery Aid
for our support of their
fantastic charity
Read more about our
stakeholders on pages
37 to 41.
Quality, relevant
food products
Read more on page 21.
Read more on page 18.
Read more on pages
46 to 48.
Read more on page 19.
Hilton Food Group plc Annual Report & Financial Statements 2025 15Overview Strategic Report Governance Financial Statements
We aim to achieve long-term, sustainable customer andshareholder value through our strategic objectives.
Growth and success
through partnership
Our strategy: Introduction
1 2 43
Our purpose is to deliver growth
and success through partnership.
This defines our actions, informs
our decisions, and guides the
delivery of our strategy.
We partner with leading retail
and foodservice customers to
produce high quality food products
at scale that consumers desire.
Our principle of partnership extends
to our suppliers, colleagues and the
communities inwhichwe operate.
We enable success through our
passion for innovation, improving
supply chains, processes and
packaging weuse, and are continually
developing our product ranges
tobest meet consumer needs.
We deliver growth through creating
efficiency and flexibility in the food
supply chain as an international
food processor and a supply chain
service specialist.
Our strategy continues to support our customers’ brands and their development through our unique category
offer in their local markets. This approach, combined with a strong reputation, well invested modern facilities
and a robust balance sheet, has generated growth over many years.
Our purpose Our strategy
2025 strtegic objectives
Expanding our
multi-category offer
Read more on page 19.
Building further
expertise as a supply
chain partner
Read more on page 20.
Growing our global
footprint
Read more on page 18.
Leveraging technology
asa driver of value
Read more on page 21.
Hilton Food Group plc Annual Report & Financial Statements 2025 16Overview Strategic Report Governance Financial Statements
Growth and
success through
partnership
Ambitious
Collaborative
Responsible
Innovative
Agile
S
t
r
a
t
e
g
i
c
o
b
j
e
c
t
i
v
e
s
Supply chain services
SeafoodMeat
C
a
t
e
g
o
r
i
e
s
a
n
d
s
e
r
v
i
c
e
s
V
a
l
u
e
s
P
r
i
n
c
i
p
l
e
s
S
u
s
t
a
i
n
a
b
l
e
P
r
o
t
e
i
n
P
l
a
n
Sharing
expertise
internationally
Expand our
multi-category offer
Grow
our global
footprint
Leverage
technology
as a driver
of value
Responsible
corporate
citizens
A focus on
development
and inclusion
Long-term
view of
partnership
Consumer-led
and customer-
focused
Build further
expertise as a supply
chain partner
P
e
o
p
l
e
P
l
a
n
e
t
P
r
o
d
u
c
t
Vegan and
vegetarian
Easier
meals
Our Group strategy
is delivered across
the categories
and services we
operate in, and is
underpinned by
our core values
and principles.
Our values unite the
diverse, international
cultures of our business,
ensuring that we work
together to deliver
our strategy, while our
principles articulate
how we do what we do,
and how we will achieve
our objectives.
We approach all relationships
with the long term in mind.
We invest long term in our
people, our partnerships and our
relationships with key suppliers.
This approach improves
outcomes for all involved.
We follow consumer trends
closely, developing ideas
that help to keep our
customers ahead of the pack.
We focus on the strategies,
needs and challenges of our
customers, working closely
with them to drive sales and
sustainable growth.
People who join Hilton Foods are
joining a welcoming culture that
believes in developing individuals
and their careers, regardless
oftheir backgrounds or beliefs.
We are market leading experts in
the categories where we operate.
We enter new categories by
acquiring expert organisations
with a proven category focus.
We engage positively with the
concerns of the communities
that we serve. As an employer,
we focus on doing the right thing
in terms of inclusion, opportunity,
decency and fairness.
How we deliver
our strategy
Our strategy: Introduction
continued
Hilton Food Group plc Annual Report & Financial Statements 2025 17Overview Strategic Report Governance Financial Statements
What this means
We will drive strategic growth by expanding our global footprint,
strengthening partnerships with existing and new customers, and
entering high-potential markets via joint ventures offering long-term
opportunities. Leveraging our strengths in food processing, innovation,
quality, service and value, we will create competitive advantage for
customers. Success comes from entering local markets effectively and
establishing highly automated facilities that deliver exceptional, high
quality product offerings worldwide.
Progress in 2025
Our multifunctional teams are working closely with customer contacts
and suppliers in Canada and Saudi Arabia to ensure facilities are
operational on schedule. At the same time, we are developing best-fit
product ranges and packaging tailored to local consumer needs, with
concepts progressing through rigorous new product development trials
and validation processes.
Looking forward
We remain on track to launch in Saudi Arabia in H2 2026 and to launch
in Canada in early 2027, while exploring further sustainable expansion.
Growing our
globalfootprint
Through collaboration
with local experts,
we’ve crafted an offer
that combines the
right range, quality,
and freshness,
communicated through
clear, compelling
packaging and
messaging.”
Sarah Adamson
Market, Strategy
and Planning Director
Launch in Canada in
2027
Link to our values
Working closely with NADEC, we are
co-developing retail-ready pre-packed
product ranges for their brand and customers,
addressing diverse consumer needs.
This collaboration strengthens our joint
capabilities, enhances market insight, and
positions both businesses to capture
long-term growth opportunities, while
delivering innovative, locally relevant solutions.
Expanding into Saudi Arabia
Our multifunctional teams are working closely with customer contacts
and suppliers in Canada and Saudi Arabia to ensure facilities are
operational on schedule. At the same time, we are developing best-fit
product ranges and packaging tailored to local consumer needs, with
concepts progressing through rigorous new product development trials
and validation processes.
Looking forward
We remain on track to launch in Saudi Arabia in H2 2026 and to launch
in Canada in early 2027, while exploring further sustainable expansion.
Our strategy: Pillar 1
Hilton Food Group plc Annual Report & Financial Statements 2025 18Overview Strategic Report Governance Financial Statements
Expanding our
multi-category offer
What this means
We will drive growth by leveraging our multi-category
expertise and existing range architecture to innovate, close
white space, strengthen customer relationships, expand
market presence, meet consumer needs and elevate products.
Progress in 2025
In 2025, we focused on maintaining product affordability for
customers and consumers. We assessed the future of each
category to identify long-term value, re-architected ranges,
and launched mixed-protein reformed products. The new
products included mince, burgers, meatballs and sausages
across European markets facing high beef inflation, supporting
value, customers, and competitiveness.
Looking forward
Our strategic review reinforced the resilience and competitive
strength of our core retail meat business as the engine of
performance. It also sharpened our capital allocation priorities,
targeting margin-accretive growth in underpenetrated fresh
food categories across international markets, including our
Central European facilities.
This investment
strengthens our Central
European platform,
expands fresh food
capacity, and delivers
disciplined, margin-
accretive growth aligned
with our long-term
strategic priorities.”
Melanie Chambers
COO East
Link to our values
Following our strategic review, we
identified fresh foods in underdeveloped
markets as a compelling margin-accretive
growth opportunity. We are, therefore,
investing in our Polish facilities to expand
capacity in ready meals and fresh
ready-to-eat categories. Serving Central
Europe, this investment enhances
efficiency, strengthens competitive
positioning, and delivers attractive
returns within our disciplined capital
allocation framework.
Expanding capacity
infresh foods
Our strategy: Pillar 2
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