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Kerry Group earnings jump to €1.2 billion, but post-tax profits down after suspension of Russian operation

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Profit after tax at the food giant fell from €763 million in 2021 to €606.5 million, in part due to a non-trading charge of €124.2 million

Kerry Group has reported earnings before deductions of €1.2 billion for 2022, a 12.9 per cent increase on the prior year.

The company’s earnings margin was 13.9 per cent for 2022, down from 14.7 per cent in 2021, as the impact of passing through input cost inflation was partially offset by positive portfolio developments, operating leverage, and mix and efficiency initiatives, according to annual results from the group.

 

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