Brief: Kerry Group maintains FY earnings outlook, outlines 2030 financial targets
BRIEF-Kerry Group maintains FY earnings outlook, outlines 2030 financial targets July 29 (Reuters) - Kerry Group PLC KYGa.I:
KERRY GROUP: H1 GROUP REVENUE OF €3.3BN, VOLUME GROWTH OF 3.3% (Q2: +3.5%) - CONTINUED STRONG END MARKET OUTPERFORMANCE
KERRY GROUP: H1 EBITDA MARGIN INCREASED BY 60BPS TO 16.7% - PRIMARILY DRIVEN BY ACCELERATE 2.0
KERRY GROUP: H1 GROUP EBITDA OF €558M (H1 2025: €556M)
KERRY GROUP: FULL YEAR CONSTANT CURRENCY ADJUSTED EPS GUIDANCE MAINTAINED
KERRY GROUP: 2030 FINANCIAL TARGETS - VOLUME GROWTH¹ OF 3-5%, BASED ON ASSUMPTION OF FLAT END MARKET GROWTH
KERRY GROUP: 2030 FINANCIAL TARGETS - EBITDA MARGIN OF 20-21% BY 2030, HIGH-SINGLE-DIGIT PLUS (HSD+) ADJUSTED EPS ON CONSTANT FX
KERRY GROUP: 2030 RETURN TARGETS - 85%+ CASH CONVERSION, 12-13% ROACE BY 2030
KERRY GROUP: DELIVERED H1 VOLUME GROWTH ACROSS ALL THREE REGIONS, WITH STRONG GROWTH AND MARKET OUTPERFORMANCE IN THE AMERICAS
KERRY GROUP: FOODSERVICE CONTINUED ITS STRONG MARKET OUTPERFORMANCE WITH VOLUME GROWTH OF 4.8% IN H1
KERRY GROUP CFO: ON INPUT COSTS, OVERALL DEFLATION IN H1 WILL TURN TO LIMITED INFLATION IN H2
Further company coverage: [KYGa.I]
(Reporting By Padraic Halpin)