Kerry Group reports higher volumes and improving margins for first nine months of the year

Kerry Group, TraleeKerry Group says it’s maintained business momentum in its third quarter, resulting in higher volumes and improving margins for the first nine months of the year.

The global taste and nutrition and consumer foods group this morning issued its Interim Management Statement for the nine months ended the 30th of September.
Kerry Group says in the nine months to the 30th of September, business volumes on a group-wide basis increased by 3.2%, and group trading profit margin increased by 70 basis points.

It says despite the uncertainty and sterling devaluation resulting from Brexit, Kerry Foods continued to perform well in the UK and Irish markets.

The consumer foods division also maintained good growth in its selected mainland European markets.

Taste and Nutrition Technologies and Systems continued to record good growth in North America, an improved performance in Latin America, and excellent growth in Asia, however Europe, the Middle East and Africa market conditions remained subdued.

Businesses acquired in 2015 continued to perform well, providing a strong platform for international market development.