Kerry Group’s interim management statement for the third quarter showed a 3% increase in volume in the period and a 1% increase in revenue.
The company said that the food and beverage environment in the period reflected “softer consumer demand”.
It said that the margin increase of 0.9 percentage points in the quarter was driven by cost efficiencies, operating leverage, product mix and the contribution from acquisitions and disposals.
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Kerry maintained its full-year currency-adjusted earnings per share guidance of between 7% and 11%.
The company did note that foreign currency translation is expected to be a 4% to 5% headwind in 2025, presumably reflecting the strength of the euro relative to the US dollar.
'Market uncertainty'
CEO Edmond Scanlon said: “While recognising continued market uncertainty, we remain well positioned for volume growth and strong margin expansion, as we continue to support our customers as an innovation and renovation partner.”
Shares in the company were trading close to €82, a more than 3% increase on Wednesday’s closing price, in the wake of the trading update.
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Kerry Group’s interim management statement for the third quarter showed a 3% increase in volume in the period and a 1% increase in revenue.
The company said that the food and beverage environment in the period reflected “softer consumer demand”.
It said that the margin increase of 0.9 percentage points in the quarter was driven by cost efficiencies, operating leverage, product mix and the contribution from acquisitions and disposals.
Kerry maintained its full-year currency-adjusted earnings per share guidance of between 7% and 11%.
The company did note that foreign currency translation is expected to be a 4% to 5% headwind in 2025, presumably reflecting the strength of the euro relative to the US dollar.
'Market uncertainty'
CEO Edmond Scanlon said: “While recognising continued market uncertainty, we remain well positioned for volume growth and strong margin expansion, as we continue to support our customers as an innovation and renovation partner.”
Shares in the company were trading close to €82, a more than 3% increase on Wednesday’s closing price, in the wake of the trading update.
If you would like to speak to a member of our team, please call us on 01-4199525.
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