Brief: Kerry Group CEO: No big change seen to muted demand for rest of 2024
31/07/2024 07:29
July 31 (Reuters) - Kerry Group PLC KYGa.I CEO
interview with Reuters:
* KERRY GROUP CEO SAYS STRONG FOODSERVICE PERFORMANCE KEY
DRIVER
OF EARNINGS UPGRADE, DESPITE SOME HEADLINES WE'VE SEEN FOR MAJOR
PLAYERS IN FOODSERVICE
* KERRY GROUP CEO: REGIONAL FOODSERVICE PLAYERS IN EMERGING
MARKETS, SMALLER NEWER PLAYERS PARTICULARLY IN NORTHERN AMERICA
PERFORMING WELL
* KERRY GROUP CEO: HAVE NOT SEEN ANY CHANGE IN RELATIVELY
MUTED
DEMAND ENVIRONMENT SINCE Q1, NOT FLAGGING ANY SIGNIFICANT
IMPROVEMENT FOR REST OF YEAR DUE TO CUMULATIVE IMPACT FROM
INFLATION
* KERRY GROUP CEO: STILL SEES INPUT COST DEFLATION EASING
SIGNIFICANTLY IN H2 VERSUS H1 COSTS THAT CAME THROUGH AS
EXPECTED IN H1
* KERRY GROUP CEO: NOT FLAGGING ANY CHANGE IN 2024
EXPECTATION FOR
CHINESE MARKET AFTER SAYING NOT BACK TO WHERE COMPANY THOUGHT IT
WOULD BE EARLIER IN 2024
Source text for Eikon: ID:
Further company coverage: KYGa.I
(Reporting By Padraic Halpin)
((Padraic.Halpin@thomsonreuters.com;))