Kerry Taste & Nutrition business grows 4.1%

10 Aug 2018

Kerry Group has issued its Interim Management Report for the half year ended 30 June 2018, reporting a “solid” underlying business performance. Adjusted EPS in constant currency was up 9.0% to 144.2 cents.

Kerry Taste & Nutrition business grows 4.1%

Kerry Group has issued its Interim Management Report for the half year ended 30 June 2018, reporting a “solid” underlying business performance. Adjusted EPS in constant currency was up 9.0% to 144.2 cents. Group revenue of €3.2 billion reflected 3.6% business volume growth, with Taste & Nutrition recording 4.1% volume growth and Consumer Foods 1.3% volume growth.

“Evolving consumer trends and the changing marketplace have provided increased opportunities and demand for Kerry’s industry leading RD&A and broad technology portfolio,” said Edmond Scanlon, Chief Executive Officer. “This, along with the Group’s enhanced end use market focus, drove healthy volume growth and underlying margin expansion in the first half of 2018. We also continued to make progress with and invest in business development initiatives aligned to our strategic growth priorities. In light of the above, we update our guidance and now expect to achieve growth in adjusted earnings per share of 7% to 10% in constant currency.”

Find out more about the Kerry Group

Related news

Stevia outpaces aspartame in new product launches

Stevia outpaces aspartame in new product launches

27 Nov 2018

The number of new stevia-sweetened foods and drinks overtook new products with aspartame in 2017, according to global data from Innova Market Insights.

Read more 
Nuts gain from awareness of healthy fats

Nuts gain from awareness of healthy fats

19 Nov 2018

Demand for products containing nuts is on the rise, aided by ongoing research into their health benefits and growing consumer understanding of healthy fats.

Read more 
Cranberries show promise for improved gut health

Cranberries show promise for improved gut health

19 Nov 2018

Researchers are just beginning to understand the link between the gut and many chronic health conditions, leading to growing interest in prebiotic ingredients. According to a new study, cranberries are the latest food to show prebiotic potential.

Read more 
Egg substitutes driven by vegan, allergen-free demand

Egg substitutes driven by vegan, allergen-free demand

13 Nov 2018

Egg replacers have long been used as a way to avoid to the price fluctuations often associated with real eggs, but recently interest has been driven by manufacturer demand for clean label and plant-based ingredients, allowing companies to make more veg...

Read more 
Whey protein on the rise across food categories

Whey protein on the rise across food categories

13 Nov 2018

Whey protein remains the most popular protein ingredient for athletes by far, but numerous whey protein ingredients have emerged over the past few years, in applications that take it well beyond sports nutrition.

Read more 
Mintel: China represents nuts snacks opportunity

Mintel: China represents nuts snacks opportunity

9 Nov 2018

It seems Chinese consumers’ modern lifestyles and awareness of healthy eating have opened up opportunities for nuts snacks that are either natural or provide convenience, according to Mintel.

Read more 
Could regulation tempt the industry to renew focus on low fat foods?

Could regulation tempt the industry to renew focus on low fat foods?

7 Nov 2018

The UK government aims to cut calories by 20% by 2024 in a range of popular foods, potentially shifting focus back onto foods’ fat content as companies strive to reach this target.

Read more 
FAO: commodity prices dipped in October

FAO: commodity prices dipped in October

7 Nov 2018

International food commodity prices dipped in October, as falling dairy, meat and vegetable oils prices more than offset a surge in sugar prices, the United Nations said.

Read more 
Allergen-free foods gain momentum

Allergen-free foods gain momentum

5 Nov 2018

Launches of allergen-free foods have increased in recent years – and not just because of increased prevalence of food allergy.

Read more 
Enzyme technology slashes sugar in fruit juice

Enzyme technology slashes sugar in fruit juice

2 Nov 2018

Israeli researchers have developed a new technology to cut sugar by up to 80% in fruit juice, by using enzymes that boost the fibre content at the same time.

Read more