Kerry Group released its Q4 and FY results. The FY volumes increased by +3.8% (cons +3.3%) and +5.6% in Q4. Pricing was down 2.2% on a full-year basis (cons -2.7%, weaker raw material costs of c.-4.5%) and -0.4% in Q4. FY acquisitions and disposals stood at -2.5% whereas FX was at +7%. On reported figures, sales were up +6.1%. By division, Taste and Nutrition grew +4% in volumes (+5.8% in Q4, an impressive result with Americas up +5.9%, EMEA +1.2% and Asia Pacific +16.7%) whereas pricing was
