Kerry Group’s Foods Business Posts Volume Increase In Year To Date
Kerry Group’s Consumer Foods business has seen its business volumes increase by 2.6% in the nine months to end September 2015, according to an interim management statement published this morning (3 November).
Pricing in the division was, however, 2.4% lower over the nine month period.
In Ireland, Kerry’s Denny brand ‘achieved a good brand performance in the breakfast category’, the company said, while Dairygold ‘held brand market share’ in the dairy spreads sector and Charleville ‘continued to grow brand share’ in cheese. In the UK, Kerry’s Mattesons brand ‘maintained good growth’, while its Richmond brand was impacted by increase promotions. Its Cheestrings brand continues to gain ground in European markets, particularly in Germany, Austria and Poland.
‘While the Irish and UK consumer foods’ markets remain highly competitive with increased retailer focus on EDLP, the repositioned Kerry Foods portfolio performed well against this background,” Kerry said in its statement.
Overall, Kerry Group posted a 3.2% increase in business volumes over the nine month period.
‘Relative to the first nine months of 2014, the Group trading profit margin increased by 40 basis points reflecting a 40 basis points improvement in Taste & Nutrition and a 20 basis points improvement in Consumer Foods’ trading margin,’it said.
© 2015 - Checkout Magazine by Stephen Wynne-Jones