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31 October 2012 - Kerry, the global ingredients & flavours and consumer foods group, issues the following Interim Management Statement for the nine months to 30 September 2012 and reaffirms outlook for full year. BUSINESS PERFORMANCE The Group continued to achieve good organic growth in the three month period to 30 September 2012. Performance was solid across all regions, notwithstanding the challenging market conditions in Europe and the continuing competitive consumer foods market situation in Ireland and the UK. Further progress was made in the deployment of resources to meet the Group’s growth objectives and customer requirements in developing markets. Reported sales revenue for the nine months increased by 10.9% to €4.4 billion reflecting like-for-like [LFL] growth of 2% when account is taken of acquisitions net of disposals and currency translation. Continuing business volumes grew by 2.1% and product pricing/mix increased by 0.8%. Rationalisation volumes arising from restructuring of production across the Group’s manufacturing sites amounted to 0.9% for the period. Trading profit for the nine months increased by 12.1% on a reported basis. In line with the business momentum reported at the half year stage, the Group’s underlying trading margin performance remained strong in the period. Despite increased unallocated development costs relating to the Group’s ongoing 1 Kerry business transformation programme and global IT project and the dilutive impact of 2011 acquisitions, the Group trading profit margin increased by 10 basis points relative to the same period of 2011. This reflects a 10 basis points increased margin in Ingredients & Flavours and an unchanged margin in Consumer Foods. |
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| aus der Diskussion: | Kerry Group - mehr als irische Butter |
| Autor (Datum des Eintrages): | R-BgO (28.12.12 00:27:59) |
| Beitrag: | 3 von 10 (ID:43963928) |
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