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Solid Sales Growth For Kerry Group

Published on Feb 25 2014 8:30 AM in Retail

Solid Sales Growth For Kerry Group

Kerry Group has reported group revenue of €5.8 billion for the year to end 31 December 2013, reflecting underlying sales growth of 4.6%, according to accounts filed this morning. Trading profit at t...

Kerry Group has reported group revenue of €5.8 billion for the year to end 31 December 2013, reflecting underlying sales growth of 4.6%, according to accounts filed this morning.

Trading profit at the group increased by 9.4% to €611 million.

Commenting on the results, Kerry Group Chief Executive Stan McCarthy said; “The Group achieved good underlying growth ahead of our markets in 2013 and a 10.2% increase in adjusted earnings per share. Our performance reflects continued business margin improvement and strong cash generation.

"We are well focused on our targeted nutrition, taste and developing market platforms for growth. Based on current exchange rates, the Group expects to achieve 6% to 10% growth in adjusted earnings per share in 2014."

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