News Archive 2009
| Kerry, the global ingredients & flavours and consumer foods group, reports interim results for the half year ended 30 June 2009 |
| Highlights Sales revenue of 2,269m Like-for-like revenue reduced by 3.2% Group trading margin up 60 basis points to 8% Ingredients & Flavours trading margin up 60 basis points to 8.7% Consumer Foods trading margin up 30 basis points to 6.7% Trading profit increased by 4% on a like-for-like basis to 180m Adjusted earnings per share* up 7% to 67.2 cent Free cash flow of 76m (H1 2008:51m) Interim dividend per share up 11.6% to 7.7 cent *before intangible asset amortisation and non-trading items Kerry Group Chief Executive Stan McCarthy commented; Kerry technologies and brands performed well in the difficult economic environment throughout global markets in the first half of 2009. Good progress was made in aligning product development, innovation, marketing and promotional strategies to the changing marketplace. Our Group trading profit margin increased by 60 basis points, with ingredients & flavours contributing a 60 basis points improvement and consumer foods achieving a 30 basis points margin improvement in a highly competitive market. We expect to maintain the positive margin momentum in the second half of the year and to increase earnings for the full year to the upper end of the range of 160 to 165 cent per share forecast at the start of the year. For further information please contact: Frank Hayes Director of Corporate Affairs Tel: +353 66 7182304 Fax: +353 66 7182972 Web: www.kerrygroup.com |
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