Kerry Group Sees Volumes Rise In Nine Months To End-September
Food giant Kerry Group has seen its business volumes rise by 3.2% in the nine months to September 30, including a 2.2% volume increase at its consumer foods business.
The Ireland-based group said that reported revenues for the period increased by 0.4%, 'reflecting the business volume growth, lower pricing, adverse currency translation impact of 4.5%, adverse currency transaction impact of 0.3%, and the effect of acquisitions net of disposals of 4.2%'.
In its Consumer Foods business, Kerry said that it maintained a 'solid business performance' despite the competitive marketplace and the 'uncertainty caused by the Brexit vote in the UK'.
It added that 'consumer demand for dairy and meat snack offerings and prepared meals continued to provide good growth opportunities for the division'.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.