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KRZ Kerry News Story

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Brief: Kerry Group Q1 reported revenue -7.3% on currency effect, retains constant currency FY outlook

April 30 (Reuters) - Kerry Group PLC KYGa.I:

KERRY GROUP - Q1 VOLUME GROWTH OF 3.1%, A STRONG MARKET OUTPERFORMANCE THANKS TO SHARE GAINS IN AMERICAS, VOLUME GROWTH ACROSS ALL THREE REGIONS

KERRY GROUP - ADVERSE TRANSLATION CURRENCY OF 7.9%, RESULTING IN AN OVERALL REPORTED REVENUE DECREASE OF 7.3%

KERRY GROUP - Q1 PRICING OF -1.3% REFLECTING OVERALL INPUT COST DEFLATION IN THE QUARTER

KERRY GROUP - Q1 AMERICAS REGION VOLUMES +3.4%, EUROPE REGION VOLUMES +0.4%, APMEA REGION VOLUMES +4.6%

KERRY GROUP - FY CONSTANT CURRENCY EPS GUIDANCE MAINTAINED, REMAINS STRONGLY POSITIONED FOR VOLUME GROWTH AND MARGIN EXPANSION

KERRY GROUP - APMEA VOLUME GROWTH INCLUDED A RETURN TO GROWTH IN CHINA

KERRY GROUP - FOOD AND BEVERAGE END MARKET VOLUMES REMAINED SUBDUED IN Q1 WITH HIGH LEVEL OF MARKET UNCERTAINTY GIVEN MACROECONOMIC BACKDROP

KERRY GROUP - EBITDA MARGIN EXPANSION OF 60BPS PRINCIPALLY DRIVEN BY ACCELERATE 2.0 PROGRAMME EFFICIENCIES

Further company coverage: [KYGa.I]

 (Reporting By Padraic Halpin)

 ((Padraic.Halpin@thomsonreuters.com;))

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