Kerry Group released its Q1 trading statement. The volumes were up +2.9% (cons +4.3%, AV expected +3.5%) with Taste & Nutrition +3.1% (cons +4.8%) and Consumer Foods +2.1% (cons +3.0%). T&N volumes by region: Americas +3.1%, EMEA +0.2%, Asia Pacific +8.7%. The reported revenue was up +0.9% (cons +3.6%) with -2.3% FX headwinds. The trading margin was up +50 bps (cons: +40 bps) with T&N +40 bps, CF +20 bps. The group maintained its FY guidance.
27 Apr 2016
Q1 looks ok
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Q1 looks ok
Kerry Group Plc Class A (KYGA:LON) | 8,090 0 0.0% | Mkt Cap: 14,064m
- Published:
27 Apr 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Kerry Group released its Q1 trading statement. The volumes were up +2.9% (cons +4.3%, AV expected +3.5%) with Taste & Nutrition +3.1% (cons +4.8%) and Consumer Foods +2.1% (cons +3.0%). T&N volumes by region: Americas +3.1%, EMEA +0.2%, Asia Pacific +8.7%. The reported revenue was up +0.9% (cons +3.6%) with -2.3% FX headwinds. The trading margin was up +50 bps (cons: +40 bps) with T&N +40 bps, CF +20 bps. The group maintained its FY guidance.