Kerry Group busi­ness rises 3.5%

The Irish Times - Business - - BUSINESS NEWS -

Kerry Group said busi­ness vol­umes rose by 3.5 per cent in the first nine months of the year yes­ter­day, as it reaf­firmed its full-year earn­ings per share growth of 7-10 per cent.

In the nine months to Septem­ber 30th, busi­ness vol­umes at Kerry Group, which pro­duces brands in­clud­ing Dairy­gold, Low Low, Denny and Gal­tee, rose by 3.5 per cent, with a 4.1 per cent jump in taste and nu­tri­tion, and a 1.2 per cent in­crease in the group’s con­sumer foods di­vi­sion. Rev­enues rose by 2.2 per cent.

Pric­ing fell by 0.2 per cent, re­flect­ing lower raw ma­te­rial prices on av­er­age across the pe­riod, but Kerry said the group trad­ing mar­gin was main­tained.

Chief ex­ec­u­tive Ed­mond Scan­lon said the group was “pleased” with per­for­mance to date in 2018.

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