Kerry Group announces 2018 results
Kerry Group, the global taste and nutrition brand and consumer foods manufacturer with its headquarters in Tralee, Co. Kerry, has posted its preliminary results report for 2018, which shows a 3.5% increase in group revenue, representing an EPS (earnings per share) increase of 8.6% or of €3.53.
Print19 February 2019
Kerry Group, the global food manufacturer which controls brands such as Low Low, Dairygold, Cheestrings, Charleville and many more, posted group revenues of €6.6 billion for 2018, according to its preliminary financial report, published this morning. This reflects a 3.5% volume growth, which breaks down as +4.1% volume growth in its Taste and Nutrition division, and +1.1% volume growth in its Consumer Foods division.
The report outlined the Group’s EPS (earnings per share), which amounted to 353.4c, and a final dividend per share of 49.2c.
In its review of the group’s performance for 2018, the Kerry Group’s report stated that it achieved volume growth well ahead of the market at a time when the food and beverage industry is experiencing “unprecedented disruption” as consumer demand challenges traditional business models.
Edmond Scanlon, CEO of the Kerrry Group, said the company is pleased with the company’s performance in 2018. “This performance continues to highlight the uniqueness of Kerry’s business model in supporting customers,” Scanlon said, “as consumers continue to look for innovation and drive further marketplace fragmentation.
“We have also made good progress across our strategic growth priorities,” he continued, “including further developing our industry leading portfolio of taste and nutrition foundational technologies, completing a number of strategic acquisitions and investments aligned to growth priorities as planned.”
Scanlon predicted that the group’s adjusted EPS for 2019 would grow by 6 – 10%.
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