H1 update: Volumes are up +3.8% (Q2: 3.8%) with Taste & Nutrition up +4.2% and Consumer Foods up +2.3%. Pricing stood at +1.8%. T&N volumes by region: Americas +3.6%, EMEA +2.3%, Asia Pacific +10.3% (Americas were a little bit weaker in Q2, EMENA improved whereas Asia Pacific maintained its momentum). The reported revenue was up +4.8% (FX:-1.4%). The trading margin was flat at 10.6% with T&N +20bp, CF -70bp. The interim dividend is up 11.9% to 18.8 cent. Due to currency headwinds
10 Aug 2017
H1: Sustained performance
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H1: Sustained performance
Kerry Group Plc Class A (KYGA:LON) | 8,070 -2421 (-0.4%) | Mkt Cap: 14,011m
- Published:
10 Aug 2017 -
Author:
Anna Zyniewicz -
Pages:
2
H1 update: Volumes are up +3.8% (Q2: 3.8%) with Taste & Nutrition up +4.2% and Consumer Foods up +2.3%. Pricing stood at +1.8%. T&N volumes by region: Americas +3.6%, EMEA +2.3%, Asia Pacific +10.3% (Americas were a little bit weaker in Q2, EMENA improved whereas Asia Pacific maintained its momentum). The reported revenue was up +4.8% (FX:-1.4%). The trading margin was flat at 10.6% with T&N +20bp, CF -70bp. The interim dividend is up 11.9% to 18.8 cent. Due to currency headwinds