Kerry Group maintains FY guidance after revenue up 6.3% in Q1
May 1 (Reuters) - Kerry Group PLC KYGa.I:
KERRY GROUP - Q1 REPORTED REVENUE GROWTH OF 6.3%, EBITDA MARGIN EXPANSION OF 90BPS PRIMARILY DRIVEN BY COST EFFICIENCIES, CONTRIBUTION FROM ACQUISITIONS, OPERATING LEVERAGE AND PORTFOLIO MIX
KERRY GROUP - VOLUME GROWTH +3.1% AND PRICING OF +0.2%, FAVOURABLE TRANSLATION CURRENCY +1.7%, CONTRIBUTION FROM ACQUISITIONS NET DISPOSALS +0.8%
KERRY GROUP - FY EPS GUIDANCE MAINTAINED, EXTENSIVE LOCAL FOOTPRINT, GLOBAL SOURCING POSITIONS KERRY WELL TO NAVIGATE CONTINUALLY EVOLVING TARIFF LANDSCAPE
KERRY GROUP - FURTHER €300M SHARE BUYBACK PROGRAMME POST COMPLETION OF EXISTING PROGRAMME
KERRY GROUP - END MARKET CONDITIONS IREFLECTED GENERALLY CAUTIOUS CONSUMER BEHAVIOUR, GIVEN LEVEL OF MACROECONOMIC UNCERTAINTY
KERRY GROUP - WHILE RECOGNISING HEIGHTENED LEVEL OF MARKET UNCERTAINTY, REMAIN WELL POSITIONED FOR GOOD VOLUME GROWTH, STRONG MARGIN EXPANSION
KERRY GROUP - AMERICAS REGION VOLUME GROWTH OF 3.5%, EUROPE REGION VOLUME GROWTH OF 0.1%, APMEA REGION VOLUME GROWTH OF 5.1%
Further company coverage: [KYGa.I]
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