Kerry sees volume increase

9 Nov 2015

Kerry Group has reported its results for the nine months to 30 September 2015, noting a 3.2% increase in business volumes with group trading margin up 40 basis points. Reported revenues increased by 4.3%.

Kerry sees volume increase

Kerry Group has reported its results for the nine months to 30 September 2015, noting a 3.2% increase in business volumes with group trading margin up 40 basis points. Reported revenues increased by 4.3%.

Thecompany said that good progress continues to be achieved in consolidating its global infrastructure and advancing business development through broadening channel and end-use-market application of Kerry’s Taste & Nutrition Systems. The changing marketplace, coupled with health, nutrition and wellness trends, continue to drive a strong pipeline of innovation, Kerry said. To assist future business growth and development, a significant number of strategic acquisitions were also completed.

Despite improving global economic conditions, consumer demand in developed markets remains weak, according to the company. Developing markets continue to be impacted by geopolitical issues and significant currency fluctuations. Kerry says it maintained a solid business performance against this challenging market environment in the three month period to 30 September 2015. Taste & Nutrition delivered good growth in American markets, an improved performance in the EMEA region and solid market development in Asia-Pacific markets – notwithstanding the slowdown in some regional developing markets. Kerry Foods is reported to have performed well in the changing and competitive consumer foods’ market environment in Ireland and the UK.