Brief: Kerry Group CEO: Improving volume growth set to boost FY EPS
BRIEF-Kerry Group CEO: Improving volume growth set to boost FY EPS July 29 (Reuters) - Kerry Group PLC KYGa.I CEO analyst call:
KERRY GROUP CEO: I BELIEVE WE WILL SEE MARKET GROWTH IN COMING YEARS, BUT TAKING PRAGMATIC APPROACH IN OWN VOLUME TARGET TO 2030
KERRY GROUP CEO: LOOKING FOR 2027-2030 VOLUME GROWTH IN U.S. TO REMAIN IN 3%-5% RANGE, 1-2% IN EUROPE, 6-9% IN APMEA
KERRY GROUP CEO: FY VOLUME EXPECTATIONS CLOSER TO 3.5% VERSUS 3% POINTED TO PREVIOUSLY, EXPECT MODEST INCREASE IN FY EPS WITHIN RESTATED FORECAST RANGE
KERRY GROUP CEO: WE'RE MORE IN THE ZONE OF BOLT-ON TYPE ACQUISITIONS, WILL CONTINUE TO FOCUS ON EMERGING MARKETS
KERRY GROUP CEO: PRIMARY FOCUS OF ANY M&A WILL BE ON BIOTICS, ENZYMES AND FOOD PRESERVATION
KERRY GROUP CEO: EXPECT MORE MOREST GROWTH IN CHINA, HAVE TO RECOGNISE CURRENT MARKET CONTEXT; MIDDLE EAST AND AFRICA WILL DRIVE GROWTH IN THE REGION
KERRY GROUP CEO: ANNUAL M&A SPEND WILL LIKELY REMAIN IN THE 100-200 MILLION EUR RANGE
KERRY GROUP CEO: WE ARE SEEING GREEN SHOOTS IN EUROPE, BELIEVE WE WILL MAKE FURTHER PROGRESS IN 2027
Further company coverage: [KYGa.I]
(Reporting By Padraic Halpin)