Brief: Kerry Group maintains FY guidance after revenue up 6.3% in Q1
01/05/2025 07:00
May 1 (Reuters) - Kerry Group PLC KYGa.I: KERRY GROUP - Q1 REPORTED REVENUE GROWTH OF 6.3%, EBITDA MARGIN EXPANSION OF 90BPS PRIMARILY DRIVEN BY COST EFFICIENCIES, CONTRIBUTION FROM ACQUISITIONS, OPERATING LEVERAGE AND PORTFOLIO MIX KERRY GROUP - VOLUME GROWTH +3.1% AND PRICING OF +0.2%, FAVOURABLE TRANSLATION CURRENCY +1.7%, CONTRIBUTION FROM ACQUISITIONS NET DISPOSALS +0.8% KERRY GROUP - FY EPS GUIDANCE MAINTAINED, EXTENSIVE LOCAL FOOTPRINT, GLOBAL SOURCING POSITIONS KERRY WELL TO NAVIGATE CONTINUALLY EVOLVING TARIFF LANDSCAPE KERRY GROUP - FURTHER €300M SHARE BUYBACK PROGRAMME POST COMPLETION OF EXISTING PROGRAMME KERRY GROUP - END MARKET CONDITIONS IREFLECTED GENERALLY CAUTIOUS CONSUMER BEHAVIOUR, GIVEN LEVEL OF MACROECONOMIC UNCERTAINTY KERRY GROUP - WHILE RECOGNISING HEIGHTENED LEVEL OF MARKET UNCERTAINTY, REMAIN WELL POSITIONED FOR GOOD VOLUME GROWTH, STRONG MARGIN EXPANSION KERRY GROUP - AMERICAS REGION VOLUME GROWTH OF 3.5%, EUROPE REGION VOLUME GROWTH OF 0.1%, APMEA REGION VOLUME GROWTH OF 5.1% Further company coverage: [KYGa.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;))