Kerry Group posts interim half-year report

Kerry Group is the owner of several of Ireland's best known dairy and agri-food brands
Kerry Group is the owner of several of Ireland's best known dairy and agri-food brands

Kerry Group, the global taste + nutrition and consumer foods group has published its interim report for the year to June 30 2018, showing a solid underlying business performance and growth in all areas.

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10 August 2018 | 0

Global consumer food and agri-business brand Kerry Group has published its interim report for H1 2018, with positive results across the board. The group, which markets major Irish brands such as Dairygold, Low Low, Charleville, Galtee and more, reports revenue of €3.2bn for the 6 months to June 30, 2018, reflecting growth of 3.6%.

Within this growth, Kerry Group’s Taste and Nutrition arm saw 4.1% volume growth, while the Consumer Foods section saw volume growth of 1.3%. The group’s trading margins within the two arms grew by 13.1% and 7%.

Edmond Scanlon, Kerry Group CEO, said that evolving consumer trends have provided increased opportunities for the group and increased demand for its “industry-leading” RD&A. “This, along with the Group’s enhanced end-use market focus drove healthy volume growth and underlying market expansion in the first half of the year.

“In light of this,” Scanlon added, “we have updated our guidance and now expect to achieve growth in adjusted earnings per share.”

 

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