9M update: Volumes were up +4.2% (Q3: c.5%), with pricing +2%. On reported figures, sales were up +4.5% (FX: -2.2%, net acquisitions: +0.5%). By division, Taste & Nutrition grew by c.5.4% in volumes in Q3, whereas Consumer Foods reported a c.1.4% increase in volumes. The 9M trading margin is maintained yoy (20bp for Taste & Nutrition, -70bp for Consumer Foods, both in line with our estimates). Due to currency headwinds (-4%), the group expects to achieve growth in adjusted earnings pe
08 Nov 2017
Q3: Volumes accelerate
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Q3: Volumes accelerate
Kerry Group Plc Class A (KYGA:LON) | 8,090 0 0.0% | Mkt Cap: 14,064m
- Published:
08 Nov 2017 -
Author:
Anna Zyniewicz -
Pages:
2
9M update: Volumes were up +4.2% (Q3: c.5%), with pricing +2%. On reported figures, sales were up +4.5% (FX: -2.2%, net acquisitions: +0.5%). By division, Taste & Nutrition grew by c.5.4% in volumes in Q3, whereas Consumer Foods reported a c.1.4% increase in volumes. The 9M trading margin is maintained yoy (20bp for Taste & Nutrition, -70bp for Consumer Foods, both in line with our estimates). Due to currency headwinds (-4%), the group expects to achieve growth in adjusted earnings pe