FDBusiness.com

Solid Interim Performance by Kerry Group

 Breaking News
  • Ishida X-ray Flexibility Ensures Premium Product Quality Ishida X-ray inspection technology is helping to maintain the premium quality reputation of one of Russia’s most popular traditional snack brands. The ‘ROSTRAGROEXPORT’ company was founded by Mr Boris Aleksandrov in 1995, who spotted a niche in the Russian food market for a good quality traditional curd snack.  Its ‘B.Y. Aleksandrov’ brand, named after the company’s [...]...
  • ‘Latte Levy’ – Coffee Drinkers Want to Go Green, But Price is a Barrier As the UK Government aims to eliminate avoidable waste with the announcement of its 25-Year Environmental Plan, Mintel research reveals that Britain’s coffee shop drinkers are happy to do their bit for the environment, but not at any cost. 40% of out of home hot drinks consumers wouldn’t mind paying extra for drinks served in 100% [...]...
  • US Beverage Alcohol Volumes Decline Again in 2017 The IWSR, the leading provider of data and analysis on the global beverage alcohol market, has released initial 2017 category results for the US market as part of its US Beverage Alcohol Review (US BAR) database. After analyzing preliminary 2017 volume, the IWSR says total US beverage alcohol consumption declined for the second consecutive year [...]...
  • Revised Safe Intake For 3-MCPD in Vegetable Oils and Food EFSA’s experts have used an updated scientific approach to reassess the possible long-term adverse effects of the food processing contaminant 3-MCPD on the kidney and male fertility. Consumption levels of 3-MCPD in food are considered safe for most consumers but there is a potential health concern among high consumers in younger age groups. In the worst [...]...
  • £500,000 Investment Doubles Advanced Dynamics’ Capacity Advanced Dynamics Ltd, one of the UK’s leading packaging and labelling equipment suppliers, has crowned a highly successful trading year with a significant investment totalling £500,000 in expanded premises, extended stock, additional jobs and a sophisticated new ERP system. The company started with the acquisition of a neighbouring unit that doubles its engineering capacity to around [...]...

Solid Interim Performance by Kerry Group

Solid Interim Performance by Kerry Group
August 08
11:05 2013

Kerry Group, the global ingredients, flavours and consumer foods producer, is sustaining the strong business development and growth momentum achieved in the final quarter of 2012 into its current financial year.

In spite of a relatively sluggish overall market environment, particularly in developed markets, Kerry achieved a strong financial performance in the first half of 2013, with encouraging results across its ingredients & flavours and consumer foods business segments.

Group sales revenue rose by 1.1% to Eur2.9 billion and trading profit increased by 9.8% to Eur267 million. Adjusted earnings per share in the period increased by 11.7% to 108.9 cent.

Continuing business volumes increased by 2.7% and pricing increased by 1.8% − broadly offsetting input cost inflation of approximately 4%.

Stan McCarthy, chief executive of Kerry Group.

Ongoing added value business development which is improving product mix, coupled with the benefits accruing through the 1 Kerry Business Transformation Programmes and the positive impact from exiting non-core business activities, contributed to a 70 basis points improvement in the group trading profit margin to 9%. This reflects an 80 basis points improvement in trading margin in ingredients & flavours to 11.1% and a 30 basis points improvement in consumer foods’ margin to 7.7%.

Stan McCarthy, chief executive of Kerry Group, comments: “The Group achieved a strong financial performance in the first half of 2013 and continued to invest in enhancing the quality of our businesses. Adjusted earnings per share in the period increased by 11.7% to 108.9 cent. Our global ingredients & flavours technologies and core consumer foods businesses are performing well. We remain confident of achieving our growth targets for the full year and delivering 7% to 11% growth in adjusted earnings per share to a range of 250 to 260 cent per share.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 16, 2018Sival Plant Production Trade Show
  • January 17, 2018Anfas Food Product
  • January 17, 2018Dutch Organic Trade Fair
  • January 19, 2018International Green Week
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements