Kerry Group reported its H1 results. Sales were up by 4.6% (+2.7% in volumes and -2.7% in pricing) with the trading margin progressing by 40bp. I&F's revenue was up by 8.7% (3% in volumes -2.8% in pricing) whereas Consumer Foods recorded -6.5% on reported figures (1.9% in volumes, -2.6% in pricing, with a disposals effect of -12.6%). I&F's trading margin rose by 40bp whereas CF's margin was up by 20bp. FX tailwinds stood at 8.4% whereas acquisitions and disposals had a -3.8% impact. T
06 Aug 2015
Solid H1; acquisition pipeline is backed
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Solid H1; acquisition pipeline is backed
Kerry Group Plc Class A (KYGA:LON) | 8,008 0 0.0% | Mkt Cap: 13,921m
- Published:
06 Aug 2015 -
Author:
Anna Zyniewicz -
Pages:
2
Kerry Group reported its H1 results. Sales were up by 4.6% (+2.7% in volumes and -2.7% in pricing) with the trading margin progressing by 40bp. I&F's revenue was up by 8.7% (3% in volumes -2.8% in pricing) whereas Consumer Foods recorded -6.5% on reported figures (1.9% in volumes, -2.6% in pricing, with a disposals effect of -12.6%). I&F's trading margin rose by 40bp whereas CF's margin was up by 20bp. FX tailwinds stood at 8.4% whereas acquisitions and disposals had a -3.8% impact. T