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Kerry Group Delivers Solid Performance In Third Quarter

Kerry Group has shown a steady rise in business volumes in the third quarter, despite the uncertainity it faced resulting from the Brexit vote in the UK.

The group, maintained the business momentum reported at the half-year stage in its third quarter. Overall in the nine months to the 30 September 2016, it delivered sustained volume and business margin enhancement – delivering a 3.2% increase in business volumes on a group-wide basis. It continued to perform well in the UK and Irish markets.

The Group’s global Taste & Nutrition businesses achieved 3.4% volume growth in the nine months to the end of September, which contributed significantly to its strong performance so far this year.

It’s Consumer Goods division also showed a solid performance with a growth of 2.2%.  In Ireland ‘Dairygold’ maintained a solid brand performance, assisted by new product launches such as ‘Cheestrings Scoffies’ – a new ‘3-in-1’ cheese snack for kids. Also, ‘Charleville’ performed well in the cheese sector.

Overall, Kerry Group appear to be optimistic about delivering a strong trading delivery for the rest of the year.

© 2016 - Checkout Magazine by Donna Ahern

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