Kerry Group: Reports Q1-2024 Interim Results

Tralee / IE. (kg) Irland’s Kerry Group PLC announced its interim management statement for the first quarter 2024, in which the Group had a good start to the year. Chief Executive Officer Edmond Scanlon: «We are pleased to report a good start to the year given market dynamics. Taste + Nutrition achieved good volume growth driven by a strong performance within our foodservice channel and we delivered strong margin expansion in the period reflecting the continued development and evolution of our business. Consumer market dynamics remain similar to those outlined at our full year results. As part of our capital allocation framework as previously indicated, we are announcing a new share buyback programme, and the expected net earnings per share accretion has been reflected in our updated guidance range.»

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