Kerry Group

Momentum sustained through Q3

  • Sectors : Foods
  • Companies : Kerry Group

Ratings and price correct at time of issue.

  • Kerry Group

    Closing Price: 11100c

  • RATING 30/06/09

  • PREVIOUS RATING N/A

DAVY VIEW

Kerry’s Taste & Nutrition (T&N) division has sustained good volume growth through its third quarter – the out-turn is reassuring in the context of inconsistent results from its peer set. Its T&N footprint was further enhanced by a number of technology-led bolt-on acquisitions in the period. Kerry’s expanding and relevant capability set is well positioned to address, in partnership with its customers, the major global consumer trends – clean label, plant-based diets, nutrition and authentic taste. We envisage no material change to forecasts.

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Nov 6 2019, 07:10 GMT

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