Great performance in Q4 despite strong comparator from last year, driven by Asia Pacific and EMENA (exceeded expectations). We judge the underlying business as solid although the FX puts a shadow on the reported figures. Guidance suggests another good year of sustained underlying performance, however, the FX headwinds should result in somewhat weaker/flattish reported EPS for 2018.
20 Feb 2018
Strong underlying performance in Q4 but FX weighs on reported figures
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Strong underlying performance in Q4 but FX weighs on reported figures
Kerry Group Plc Class A (KYGA:LON) | 8,070 -2421 (-0.4%) | Mkt Cap: 14,011m
- Published:
20 Feb 2018 -
Author:
Anna Zyniewicz -
Pages:
3
Great performance in Q4 despite strong comparator from last year, driven by Asia Pacific and EMENA (exceeded expectations). We judge the underlying business as solid although the FX puts a shadow on the reported figures. Guidance suggests another good year of sustained underlying performance, however, the FX headwinds should result in somewhat weaker/flattish reported EPS for 2018.