Kerry reports 2014 volume, profit up26 Feb 2015
Kerry Group has reported volume growth of 3.4% to €4,337m for its ingredients and flavours business for 2014, with trading profit up 6.1%. “We recorded another year of good growth, business margin expansion and an 8.1% increase in adjusted earnings per share in 2014,” said Kerry Group Chief Executive Stan McCarthy. “The consumer environment across […]
“We recorded another year of good growth, business margin expansion and an 8.1% increase in adjusted earnings per share in 2014,” said Kerry Group Chief Executive Stan McCarthy. “The consumer environment across developed and developing markets is changing rapidly but Kerry is well positioned to capitalise on global growth opportunities. We expect to achieve another year of good growth in 2015”.
Kerry said that it achieved another year of good underlying growth ahead of the markets and sustained business margin expansion in 2014. Despite a challenging macro-economic landscape and the impact of geopolitical issues – particularly in developing markets – the Group said that it continued to successfully develop across its three strategic pillars: Taste, Nutrition and Developing Markets.
Changing consumer demographics and shopping behaviour are driving a paradigm shift in food and beverage consumption trends, according to Kerry, impacting industry, retail and foodservice developments. In particular increased urbanisation, millennial growth and life-stage requirements continue to increase demands for innovation to meet convenience, snacking, functionality and health / wellness trends.
Demand for clean-label, enhanced nutrition, natural, ‘free-from’ – in particular gluten-free – offerings, and wider flavour profiles continued to provide solid growth opportunities for Kerry’s taste, nutritional and functional ingredients and actives technology platforms, the company said.
Partnerships with the Group’s global and regional customers were further advanced – benefiting from the Group’s 1 Kerry capabilities and expertise provided by Kerry Global Technology & Innovation Centre and Regional Development and Application Centre developments.
While showing early signs of recovery, increased fragmentation and polarisation in the Irish and UK consumer foods markets contributed to increased competitiveness. Kerry Foods said that it performed satisfactorily against this background whilst continuing to progress its business repositioning strategies.
In relation to its ingredients and flavours business, Kerry said that challenging macro-economic trends and changing consumer shopping behaviours meant that developed markets overall were relatively weak but provided good scope for innovation in health / wellness and niche growth sectors. While industry growth was weaker in some developing markets due to political or currency related issues, nevertheless Kerry claims it continued to achieve solid growth and development – in particular in Asia.
Scouting out the latest health trends and innovations at Vitafoods Europe
20 May 2022
From mood, cognition, and gut health to the importance of selling experiences rather than products, the Healthy Marketing Team (HMT) rounds up the biggest trends it spotted at Vitafoods Europe last week.Read more
Top trends to watch at Expo West
18 Feb 2022
From the foodification of supplements to mission-driven commerce, trendspotters at Natural Products Expo West have identified the top 10 trends shaping the US healthy food industry.Read more
New Product Zone showcased the most innovative products at Fi Europe
15 Dec 2021
Attendees of Fi Europe 2021 were able to discover an extensive selection of the most innovative products, showcased alongside insightful information at the New Product Zone.Read more
Startup Innovation Challenge 2021: Recognising disruptive ideas in F&B innovation
6 Dec 2021
The Fi Global Startup Innovation Challenge aims to support innovative projects within the F&B industry by offering startups the opportunity to showcase their innovations and meet the industry's foremost ingredients professionals.Read more
Fi Europe Innovation Awards: Recognising innovative ingredient solutions at Fi Europe 2021
6 Dec 2021
The Fi Europe Innovation Awards recognise ground-breaking work in food and beverage ingredients at the annual Fi Europe, co-located with Hi Europe, event. This year has featured some outstanding ingredients and concepts in the fields of health, sustain...Read more
Fi Europe opens its doors to in-person attendees today!
30 Nov 2021
After a week-long online program Fi Europe opens for in-person attendees under 2G measures in Frankfurt today – if you’re not able to attend in-person, you can follow the program from the show floor live on the online platform.Read more
Obama celebrated 60 with top vegan brands
9 Aug 2021
Plant-based foods have become so widely accepted that former President Barack Obama’s 60th birthday celebration featured a vegan, plant-based menu, according to a menu leaked by Bloomberg.Read more
Plant-based nugget prices cheaper than real chicken
3 Aug 2021
Chickenflation is a real thing, and plant-based protein maker Alpha Foods is taking advantage of skyrocketing chicken prices to grab the attention of non-meat eaters and meat eaters alike.Read more
Future of Nutrition Award debuts at the Fi Europe Innovation Awards
16 Jul 2021
The Fi Europe Innovation Awards, held at Fi Europe 2021 co-located with Hi Europe, celebrate people, companies and organisations breaking new ground in the Food & Beverage industry.Read more
Flavor company Givaudan crowdsources flavors with its Aroma Kiosk
12 Apr 2021
Swiss flavor giant Givaudan has rolled out its Aroma Kiosk, a digital sensory tool that crowdsources flavor preferences. These kiosks are located globally in grocery and retail stores as well as universities where shoppers can interact with the technol...Read more
Are you a supplier?
Here's what we can do for you
- Generate quality leads for your business
- Stay visible for 365 days of the year
- Receive product inquiries and respond to meeting requests directly
- Improve company online presence through Search Engine Optimisation