Kerry Group released its 9M trading statement. Total volumes grew +3.2% (cons. +3.1%, 4.2% in Q3) with pricing down 2.8% (cons. -2.6%, -3% in Q3) due to lower raw material prices (-6% approx.). FX had a favourable impact of +7.7% on revenue whereas net acquisitions were at -3.8%. By division, Taste & Nutrition (previously I&F) grew 4.2% in volumes in Q3 (+3.9% for Americas, +1% for EMEA and 9.3% for Asia Pacific) with pricing at -3.1%. Consumer Foods reported a 4% increase in volumes
03 Nov 2015
Solid Q3 with volume acceleration and strong acquisition pipline
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Solid Q3 with volume acceleration and strong acquisition pipline
Kerry Group Plc Class A (KYGA:LON) | 8,070 -2421 (-0.4%) | Mkt Cap: 14,011m
- Published:
03 Nov 2015 -
Author:
Anna Zyniewicz -
Pages:
2
Kerry Group released its 9M trading statement. Total volumes grew +3.2% (cons. +3.1%, 4.2% in Q3) with pricing down 2.8% (cons. -2.6%, -3% in Q3) due to lower raw material prices (-6% approx.). FX had a favourable impact of +7.7% on revenue whereas net acquisitions were at -3.8%. By division, Taste & Nutrition (previously I&F) grew 4.2% in volumes in Q3 (+3.9% for Americas, +1% for EMEA and 9.3% for Asia Pacific) with pricing at -3.1%. Consumer Foods reported a 4% increase in volumes