Brief: Kerry Group H1 earnings up 7%, upgrades FY guidance

Kerry

31/07/2024 07:00

July 31 (Reuters) - Kerry Group PLC  KYGa.I :
    * KERRY GROUP - H1 GROUP REVENUE OF €3.9 BILLION (H1 2023:
€4.1
BILLION); GROUP EBITDA OF €552M (H1 2023: €518M)
    * KERRY GROUP - TASTE & NUTRITION VOLUME GROWTH OF 3.1% (Q2:
+3.2%); GROUP VOLUMES +1.7% (Q2: +1.5%)
    * KERRY GROUP - TASTE & NUTRITION EBITDA MARGIN +130BPS;
GROUP
+160BPS
    * KERRY GROUP - INTERIM DIVIDEND PER SHARE INCREASE OF 10.1%
TO
38.1 CENT
    * KERRY GROUP - DAIRY IRELAND EBITDA OF €35M (H1 2023: €29M)
    * KERRY GROUP - FY CONSTANT CURRENCY ADJUSTED EPS GUIDANCE
UPGRADED TO RANGE OF 7% TO 10%
    * KERRY GROUP - DEMAND ENVIRONMENT ACROSS FOOD & BEVERAGE
MARKETS
REMAINED RELATIVELY MUTED
    * KERRY GROUP - SHARE REPURCHASES OF €279M IN H1, INTENTION
TO
INITIATE A FURTHER PROGRAMME

Source text for Eikon:  ID: 
Further company coverage:  KYGa.I 

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