Kerry Group FY revenues slip on weak consumer demand

(Sharecast News) - Irish food ingredients and flavours business Kerry Group reported a slight decline in annual revenues on Tuesday, as softer consumer demand in global food and beverage markets and adverse currency movements weighed on performance. Kerry said revenue slipped 2.5% to €6.76bn, with the group citing pricing reductions, unfavourable currency effects and the impact of disposals net of acquisitions. Volume growth, however, rose 3% year‑on‑year, while underlyinf earnings up to €1.2bn. Free cash flow fell to €643.1m from €765.6m.

Despite US tariffs, Kerry said volumes in the region grew 3.8% as revenue hit €3.67bn, with snacks and dairy delivering solid growth, while beverages benefited from demand in refreshing and low/no‑alcohol categories.

In Europe, volumes declined 0.5% to €1.4bn amid subdued retail conditions, though foodservice posted overall growth, while the Asia‑Pacific and Middle East region saw volumes rise 4.2%, generating €1.64bn in revenue.

Looking ahead, Kerry warned that the broader market backdrop remained soft, reflecting ongoing macroeconomic and geopolitical uncertainty.

Chief executive Edmond Scanlon said: "Volume growth was driven by a strong performance in the Americas throughout the year".

"This was led by foodservice innovation and increased nutritional renovation across a broad range of customers, given our positioning as a leader in sustainable nutrition, with customers looking to address nutrition, taste, cost or sustainability aspects."

As of 1110 GMT, Kerry Group shares were down 5.28% at €75.40 each.





Reporting by Iain Gilbert at Sharecast.com