date:Apr 01, 2013
market conditions.
Over the 12 months, Hilton also reduced its net debt to GBP5.2m from GBP18.7m. The company said that its strong balance sheet, with gearing at 0.1 times EBITDA, would underpin future growth and a progressive dividend policy.
During 2012, Hilton entered into a joint venture agreement with Australian retailer Woolworths Ltd, marking its first expansion outside of Europe. The company said the move illustrated the transferability of its business model.