Kerry’s 9M update: volumes are up +3.2% (cons +3.3%, Q3: 3.2%), with pricing -2.2% (cons -2.1%, c. -4.5% negative impact of lower raw material prices). On reported figures sales are up +0.4% (FX: -4.8%, net acquisitions: +4.2%). By division, Taste & Nutrition grew by c.3.5 % in volumes in Q3 (with unchanged trends for all geographies: very strong Asia, subdued EMEA). Consumer Foods reported a c. 2% increase in volumes. 9M trading margin is up +70 bps (in line with cons, +70 bps for
02 Nov 2016
Q3: good quarter, sees inflection point in raw material prices
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Q3: good quarter, sees inflection point in raw material prices
Kerry Group Plc Class A (KYGA:LON) | 8,005 4803 0.8% | Mkt Cap: 13,901m
- Published:
02 Nov 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Kerry’s 9M update: volumes are up +3.2% (cons +3.3%, Q3: 3.2%), with pricing -2.2% (cons -2.1%, c. -4.5% negative impact of lower raw material prices). On reported figures sales are up +0.4% (FX: -4.8%, net acquisitions: +4.2%). By division, Taste & Nutrition grew by c.3.5 % in volumes in Q3 (with unchanged trends for all geographies: very strong Asia, subdued EMEA). Consumer Foods reported a c. 2% increase in volumes. 9M trading margin is up +70 bps (in line with cons, +70 bps for