Kerry Group on track to meet full year earnings targets, company says

Food group Kerry said volumes rose in the third quarter as the company remained on track to meet guidance for the year.

Revenue at the Dublin-listed group fell 3 per cent in the first nine months of the year, with a 2.2 per cent growth in volume weighed down by price deflation of 3.2 per cent. The impact of foreign exchange rates, acquisitions and disposals were also factors. The Dublin-listed group said overall volumes were up 4.3 per cent in the third quarter of the year, with its more significant taste and nutrition unit growing 3.4 per cent. Growth was driven by the Americas, a good performance in APMEA, with more positive volumes in Europe in the third quarter.

“We were pleased with our performance across the first nine months of the year, with continued volume progression through the period, combined with strong margin expansion,” said chief executive Edmond Scanlon.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Markets Week Ahead: Kerry Group, Tesla and Unilever Among Spate of Company EarningsNext week's markets will be dominated by earnings season, with several big names including Tesla, Amazon and Unilever reporting. Analysts will be closely watching Tesla after its recent cybertaxi event disappointed investors.
Source: businessposthq - 🏆 8. / 71 Read more »

Kerry Airport chief warns that Dublin Airport passenger cap is bad for businessThe best news, analysis and comment from The Irish Times business desk
Source: IrishTimes - 🏆 3. / 98 Read more »