The Q1 figures do not really reflect the impact of the crisis, or even the good improvements at the beginning of the year. The group decided to withdraw its FY20 guidance, expecting a strong negative impact in Q2, while we also see some troubles in H2. Our estimates are likely to go down, while we still believe that Kerry remains a quality defensive stock in our coverage, and even more so during the crisis.
30 Apr 2020
Not immune, but probably better positioned than other food players
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Not immune, but probably better positioned than other food players
Kerry Group Plc Class A (KYGA:LON) | 0 0 1.9% | Mkt Cap: 13,986m
- Published:
30 Apr 2020 -
Author:
Laura Parisot -
Pages:
3
The Q1 figures do not really reflect the impact of the crisis, or even the good improvements at the beginning of the year. The group decided to withdraw its FY20 guidance, expecting a strong negative impact in Q2, while we also see some troubles in H2. Our estimates are likely to go down, while we still believe that Kerry remains a quality defensive stock in our coverage, and even more so during the crisis.