Brief: Kerry Group reports significant out-performance across business

Kerry

18/02/2025 09:04

Feb 18 (Reuters) - Kerry Group Chief Executive Edmond
Scanlon , speaking to analysts following publication of FY
results  KYGA.I :
    * FEEL SOMEWHAT INSULATED FROM TARIFFS DUE TO LOCAL
PRODUCTION
POLICIES, BUT HAVE TO SEE HOW THINGS PLAY  OUT
    * HAD VERY GOOD YEAR IN AMERICAS IN 2004 AND WOULD LOOK TO
CONTINUE THAT IN 2025
    * IN 2025 EXPECT GOOD PERFORMANCE IN MIDDLE EAST AND AFRICA,
EXPECT CHINA TO BE FLATTISH; EXPECT SOME PROGRESSION IN EUROPE
    * WE SEE VOLUME GROWTH OF AROUND HALF A PERCENT, SIMILAR TO
WHAT
WE SAW IN 2024; EXPECT VOLUME GROWTH TO BE SIMILAR OR BETTER IN
2025
    * WE HAVE BEEN QUIETER THAN NORMAL RECENTLY IN TERMS OF M&A
, BUT
THAT DOESN'T REFLECT LEVEL OF ACTIVITY IN BACKGROUND
    * WE WILL CONTINUE TO DEPLOY CAPITAL TO CREATE VALUE VIA M&A
    * BEGINNING OF YEAR IN LINE WITH EXPECTATIONS; DON'T EXPECT
ANY
SIGNIFICANT PHASING BETWEEN H1 AND H2
    * WE ARE SEEING SIGNIFICANT OUT-PERFORMANCE ACROSS OUR
BUSINESS
AND IN PARTICULAR IN NORTH AMERICA
    * MARGIN EXPANSION IN YEARS AHEAD WILL BE PRIMARILY
ORIENTATED
TOWARDS EUROPE AND APMEA


Further company coverage:  KYGA.I 

 (Reporting By Conor Humphries)
 ((conor.humphries@thomsonreuters.com;))