Kerry Group 1Q Revenue Rose on Volumes, Pricing
April 28 2022 - 3:17AM
Dow Jones News
By Kyle Morris
Kerry Group PLC said Thursday that revenue for the first-quarter
rose as volume growth improved and pricing increased.
The Ireland-based food company said revenue was up 8.1% for the
period, with business volume growth of 5.6%, increased pricing of
5.8% and a translation currency tailwind of 5.4%.
The earnings before interest, taxes, depreciation and
amortization margin improved by 10 basis points, it said.
The market continues to see good overall demand, despite
uncertainties in some areas, Kerry said. While there is currently
heightened inflation in the industry, it is confident in its
ability to manage issues through the pricing model and cost
initiatives, the company said. It is positioned for growth, with
adjusted earnings per share growth expectations for 2022 of 5% to
9% on a constant currency basis, it said.
Shares in the company at 0731 GMT were up 1.35 euros ($1.43), or
1.3%, at EUR105.00.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
April 28, 2022 04:02 ET (08:02 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Kerry (PK) (USOTC:KRYAY)
Historical Stock Chart
From Nov 2024 to Dec 2024
Kerry (PK) (USOTC:KRYAY)
Historical Stock Chart
From Dec 2023 to Dec 2024
