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BRIEF-Kerry Group reports significant out-performance across business

ReutersFeb 18, 2025 9:08 AM

- 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

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