News

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 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.”