Another Year of Solid Growth at Kerry Group

 Breaking News
  • Parmalat Acquires Canadian Natural Cheese Division of Kraft Heinz For €1.1 Billion Parmalat, the Italian dairy group, is acquiring Kraft Heinz Canada’s division that produces and markets Kraft’s natural cheese products, mainly under the Cracker Barrel, P’tit Quebec and aMOOza brands, for C$1.62 billion (€1.1 billion). Net revenue generated by the business being acquired amounted to about C$560 million (€374 million) in 2017. The acquired business includes [...]...
  • Lantmännen Unibake Expands in Australia The international bakery group Lantmännen Unibake has signed an agreement to acquire the Australian pastry manufacturer Bakery du Jour. The acquisition is an important step to expand Lantmännen Unibake’s global footprint. Family-owned Bakery du Jour was founded more than 20 years ago and is a leading supplier of premium pastry products to major Australian retailers as [...]...
  • Leading Global Online Grocery Markets to Create a $227 Billion Growth Opportunity by 2023 Ten leading global online grocery markets are predicted to experience combined growth of $227 billion, at an annual rate of 20%, by 2023, according to new figures unveiled by IGD. As the global leader in grocery eCommerce, China will grow at a 31% CAGR over the next five years, taking market share from 3.8% to 11.2%. [...]...
  • Agr’s New Multi-head Coating Measurement System Performs Body and Finish Coating Measurements in One Operation Agr International recently announced the introduction of the Combined Coating Measurement System (CCMS) for measuring metallic coatings on both the finish and body regions of glass containers. This totally new device provides operators with a one-stop, single operation testing station for measuring tin oxide coatings applied to the container during the production process. This system utilizes [...]...
  • PepsiCo to Acquire Pipers Crisps PepsiCo intends to acquire premium crisps brand Pipers, subject to approval from the UK Competition and Markets Authority. PepsiCo plans to accelerate the growth of the Pipers business in the UK and will continue to develop the export of its products. The kettle-cooked, gourmet crisp brand will complement PepsiCo’s existing savoury snacks portfolio, with Pipers’ award-winning [...]...

Another Year of Solid Growth at Kerry Group

Another Year of Solid Growth at Kerry Group
February 25
14:40 2015

Despite a challenging macro-economic landscape and the impact of geopolitical issues, Kerry, the global ingredients and flavours and consumer foods group, achieved another year of solid underlying growth ahead of its markets and sustained business margin expansion in 2014. Although reported group revenue dropped 1.4% to €5.8 billion for the year ended 31 December 2014, reflecting the adverse currency translation factors, acquisitions net of disposals and business rationalisation volume loss, Kerry achieved 2.4% continuing business volume growth.

Kerry’s Ingredients & Flavours business reported a 0.2% increase in revenue to €4.3 billion, while reported revenue decreased by 5.8% to €1.5 billion at the Consumer Foods division.

Kerry_colorlogo_whiterule [Converted]The Ingredients & Flavours businesses exhibited good volume growth and a strong trading performance. Continuing business volumes increased by 3.4% and net pricing declined by 0.5%.

Kerry Foods continued to successfully progress its business repositioning, with continuing business volumes reduced by 0.7% and net pricing 0.6% lower.

Kerry Group’s trading performance maintained a strong positive momentum benefiting from group-wide business operational improvements due to the 1 Kerry Business Transformation Programme and portfolio repositioning in Kerry Foods. Group trading profit increased by 4.1% to €636 million with like-for-like growth of 5.3%. The group trading profit margin increased by 60 basis points to 11.1%, reflecting an 80 basis points improvement in trading margin in Ingredients & Flavours to 13.7% and a 30 basis points improvement in Kerry Foods’ margin to 8.3%.

Adjusted EPS was up 8.1% to 278.9 cent.

Stan McCarthy, chief executive of Kerry Group, comments: “We recorded another year of good growth, business margin expansion and an 8.1% increase in adjusted earnings per share in 2014. 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.”

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 21, 2018expoSE European Asparagus and Strawberry Fair
  • November 27, 2018Health Ingredients Europe
  • November 28, 2018FOOD & LIFE
  • December 3, 2018P&P 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here