Kerry Group released its H1 update. Volumes were up +3.2% (cons. +3.3%, Q2: 3.5%) with Taste & Nutrition up +3.5% (cons. 3.6%) and Consumer Foods +2.3% (cons. +2.2%). Pricing stood at -2.2%. T&N volumes by region: Americas +3.5%, EMEA +0.3%, Asia Pacific +9.5% (all divisions performed better in Q2). The reported revenue was up +0.3% with -3.7% FX headwinds. The trading margin was up +70bp with T&N +70bp, CF +30bp. The proposed interim dividend is 16.8 cents (+12%). FY guidance rem
04 Aug 2016
Solid Q2; trading margin expands further
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Solid Q2; trading margin expands further
Kerry Group Plc Class A (KYGA:LON) | 8,070 -2421 (-0.4%) | Mkt Cap: 14,011m
- Published:
04 Aug 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Kerry Group released its H1 update. Volumes were up +3.2% (cons. +3.3%, Q2: 3.5%) with Taste & Nutrition up +3.5% (cons. 3.6%) and Consumer Foods +2.3% (cons. +2.2%). Pricing stood at -2.2%. T&N volumes by region: Americas +3.5%, EMEA +0.3%, Asia Pacific +9.5% (all divisions performed better in Q2). The reported revenue was up +0.3% with -3.7% FX headwinds. The trading margin was up +70bp with T&N +70bp, CF +30bp. The proposed interim dividend is 16.8 cents (+12%). FY guidance rem