Q1 update: volumes were up by +3.8% with pricing up +1.3%. On a reported basis, revenue was up +4.5% (FX: -1%, net acquisitions: +0.4%). By segment T&N recorded +4.1% in volumes whereas Consumer Foods were up +2.1%. T&N volumes by region: Americas +3.8%, EMEA +1.9%, Asia Pacific +10.4%. The group margin was flat: +20 bps for T&N and -70 bps for Consumer Foods (impacted by pound sterling as expected). FY guidance is maintained.
04 May 2017
A decent Q1
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A decent Q1
Kerry Group Plc Class A (KYGA:LON) | 8,070 -2421 (-0.4%) | Mkt Cap: 14,011m
- Published:
04 May 2017 -
Author:
Anna Zyniewicz -
Pages:
2
Q1 update: volumes were up by +3.8% with pricing up +1.3%. On a reported basis, revenue was up +4.5% (FX: -1%, net acquisitions: +0.4%). By segment T&N recorded +4.1% in volumes whereas Consumer Foods were up +2.1%. T&N volumes by region: Americas +3.8%, EMEA +1.9%, Asia Pacific +10.4%. The group margin was flat: +20 bps for T&N and -70 bps for Consumer Foods (impacted by pound sterling as expected). FY guidance is maintained.