Kerry reports continued volume growth

Ireland’s Kerry Group saw revenue of €4.1 billion with 5.1% organic growth, while Dairy Ireland saw a drop of 2.4% for the first half. Edward Scanlon, Kerry Group CEO, said, ““We delivered a good performance in the first half of the year recognising varying conditions across our markets. Strong volume growth was achieved in APMEA and Europe led by our performance in the foodservice channel, while North America saw customers work through elevated inventory levels. We continue to see good levels of customer innovation activity, and our margins reached an inflection point in the second quarter.

“We also made good strategic progress, particularly in executing on our emerging markets strategy with significant acquisitions and investments across APMEA and LATAM. With Kerry’s strong local footprint and track record of growth across emerging markets, these complementary strategic developments will support our future growth ambitions.

“While recognising current market conditions, we remain strongly positioned for growth and reiterate our full year constant currency earnings guidance.”