Kerry Group: Announces Q1 Interim Management Statement 2022

Tralee / IE. (kg) Continued strong business growth through the quarter Irland’s Kerry Group PLC, the world’s leading taste and nutrition company, announced in its Q1 Interim Management Statement 2022. «We were pleased with our start to the year despite challenging conditions in a number of markets. Taste + Nutrition achieved continued strong growth, particularly in developed markets. This growth was led by the Meat, Snacks and Bakery end use markets. Growth in the retail channel remained strong while foodservice continued its excellent overall growth in the period,» CEO Edmond Scanlon said in his statement.

Edmond Scanlon: «We also made good progress on the strategic front, enhancing our biotechnology portfolio with the acquisition of c-LEcta, while expanding our local presence in emerging markets with the acquisition of Almer² in Southeast Asia and further enhancing our footprint in the Middle East and Africa.

«As overall market conditions remain highly dynamic, we are actively managing the inflationary environment in close collaboration with our customers. As previously announced, we have taken the decision to suspend our operations in Russia and Belarus and we continue to work through the challenges presented in China since the introduction of localised restrictions.»

«As we commence a new strategic cycle, the progress we’ve made positions us strongly for growth. We are reaffirming our full year earnings guidance.» For further details please read the PDF file below (181 KB):

20220610-KERRY-GROUP
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