Kerry Group plc (GB:KYGA) has released an update.
Kerry Group plc has reported a positive start to 2024, with Taste & Nutrition sector showing a volume growth of 3.1%, despite an overall revenue drop of 9.9% due to pricing deflation and currency effects. The company has also completed a strategic acquisition enhancing its biotechnology capabilities and has announced a €300m share buyback program, which is expected to contribute to an updated earnings per share growth forecast of 5.5% to 8.5% for the year. Amidst subdued consumer demand, Kerry’s innovation and margin expansion efforts are set to continue driving its strategic development.
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