5 November 2024
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Kerry Group: Q3-2024 Interim Management Statement

Tralee / IE. (kg) Irland’s Kerry Group PLC announced its interim management statement for the third quarter 2024 that was characterized by continued volume progression and strong margin expansion.

Q3-2024 Highlights

  • Taste + Nutrition Q3 volume growth of 3.4 percent and Group Q3 volumes +3.2 percent
  • Taste + Nutrition Q3 price -1.2 percent | Group Q3 price -1.2 percent
  • Taste + Nutrition YTD Ebitda margin +120bps | Group +140bps
  • Dairy Ireland YTD volume growth of 0.4 percent | YTD Ebitda margin +120bps
  • Full year earnings per share guidance range reiterated

Chief Executive Officer Edmond Scanlon: «We were pleased with our performance across the first nine months of the year, with continued volume progression through the period, combined with strong margin expansion. Taste + Nutrition achieved volume growth of 3.4 percent in Q3, which as previously referenced was broadly in line with market expectations. This represented continued strong volume growth in the Americas, a good performance in APMEA, with volumes in Europe turning positive in the third quarter. Volumes in the retail channel steadily improved through the period, while foodservice continued to deliver strong growth, given our unique positioning as we outlined at our recent investor day. We remain on track to achieve our full year guidance, and now we reiterate our range of 7 percent to 10 percent constant currency adjusted earnings per share growth.»

For additional information please read the company’s PDF file below (161 KB):

20241104-KERRYGROUP-Q32024.


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