
Feb 18 (Reuters) - Kerry Group Chief Executive Edmond Scanlon , speaking to analysts following publication of FY results KYGA.I:
FEEL SOMEWHAT INSULATED FROM TARIFFS DUE TO LOCAL PRODUCTION POLICIES, BUT HAVE TO SEE HOW THINGS PLAY OUT
HAD VERY GOOD YEAR IN AMERICAS IN 2004 AND WOULD LOOK TO CONTINUE THAT IN 2025
IN 2025 EXPECT GOOD PERFORMANCE IN MIDDLE EAST AND AFRICA, EXPECT CHINA TO BE FLATTISH; EXPECT SOME PROGRESSION IN EUROPE
WE SEE VOLUME GROWTH OF AROUND HALF A PERCENT, SIMILAR TO WHAT WE SAW IN 2024; EXPECT VOLUME GROWTH TO BE SIMILAR OR BETTER IN 2025
WE HAVE BEEN QUIETER THAN NORMAL RECENTLY IN TERMS OF M&A , BUT THAT DOESN'T REFLECT LEVEL OF ACTIVITY IN BACKGROUND
WE WILL CONTINUE TO DEPLOY CAPITAL TO CREATE VALUE VIA M&A
BEGINNING OF YEAR IN LINE WITH EXPECTATIONS; DON'T EXPECT ANY SIGNIFICANT PHASING BETWEEN H1 AND H2
WE ARE SEEING SIGNIFICANT OUT-PERFORMANCE ACROSS OUR BUSINESS AND IN PARTICULAR IN NORTH AMERICA
MARGIN EXPANSION IN YEARS AHEAD WILL BE PRIMARILY ORIENTATED TOWARDS EUROPE AND APMEA
Further company coverage: KYGA.I