Q1 update: Volumes were up by +3.7%, with pricing up +0.9%. On a reported basis, revenue was flat +0.1% (FX: -8.4% translation, net acquisitions: +4%). By segment, T&N recorded +4.3% in volumes whereas Consumer Foods were up +1.6%. T&N volumes by region: Americas +2.9%, Europe +3.9%, APMEA +9.7%. The group’s margin was flat: +20bp for T&N and -60bp for Consumer Foods (impacted by sterling, as expected). FY guidance is maintained.
03 May 2018
Q1 looks ok
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Q1 looks ok
Kerry Group Plc Class A (KYGA:LON) | 8,090 3640.5 0.6% | Mkt Cap: 14,065m
- Published:
03 May 2018 -
Author:
Anna Zyniewicz -
Pages:
2
Q1 update: Volumes were up by +3.7%, with pricing up +0.9%. On a reported basis, revenue was flat +0.1% (FX: -8.4% translation, net acquisitions: +4%). By segment, T&N recorded +4.3% in volumes whereas Consumer Foods were up +1.6%. T&N volumes by region: Americas +2.9%, Europe +3.9%, APMEA +9.7%. The group’s margin was flat: +20bp for T&N and -60bp for Consumer Foods (impacted by sterling, as expected). FY guidance is maintained.