Kerry Group

Reassuring update – good foundation for FY delivery

  • Sectors : Foods
  • Companies : Kerry Group

Ratings and price correct at time of issue.

  • Kerry Group

    Closing Price: 10370c

  • RATING 30/06/09

  • PREVIOUS RATING N/A

DAVY VIEW

In the context of an underwhelming results season from its peer set, Kerry’s interim report and outlook reassures and suggests continued operating momentum through H2 2019. Kerry continues to execute on its Taste & Nutrition (T&N) growth algorithm of volume growth, margin expansion and reinvestment. We envisage no material change to FY 2019 forecasts.

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Aug 8 2019, 07:10 IST/BST

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