Kerry Group revenues up 6.3%

Edmond Scanlon, chief executive officer, Kerry Group, believes a good overall performance in the first quarter.

Kerry Group has said it was maintaining its full year constant currency earnings per share guidance growth of 7% to 11%

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Kerry Group has reported an increase in revenue by 6.3%, comprising volume growth of 3.1%, positive pricing of 0.2%, favourable transaction currency of 0.5%, favourable translation currency of 1.7% and contribution from acquisitions net of disposals of 0.8%.

Continuing business EBITDA margin increased by 90bps primarily driven by cost efficiencies, contribution from acquisitions, operating leverage and portfolio mix.

End market conditions in the period reflected generally cautious consumer behaviour, given the level of macroeconomic uncertainty across different geographies.

Customer product innovation centred around new and differentiated flavour combinations and healthier options, while product renovation activity focused on enhancing product nutritional characteristics and solutions to address challenges in global raw material supply chains.

Kerry Group CEO

Edmond Scanlon, chief executive officer, said: “We delivered a good overall performance in the first quarter, particularly given market conditions.

“We achieved good volume growth in the Americas and APMEA, with Europe similar to the prior year.

“Our strong EBITDA margin expansion was led by efficiencies delivered through Accelerate operational excellence.

“Against a backdrop of highly dynamic macroeconomic conditions, our extensive local footprint, our unique offering, and the strength of our business model positions us well to navigate through this period, supporting our customers as their innovation and renovation partner.

While recognising the heightened level of market uncertainty, we remain well positioned for good volume growth and strong margin expansion, and we maintain our full-year constant currency earnings guidance.”

Read more: Kerry Group finalises Kerry Dairy Ireland transaction

© 2025, ShelfLife by Ryan Brennan

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