Kerry Group H1 profit falls but maintains full-year adjusted EPS guidance

RTTNews··Read original
2▲0 ▼0Impact / 5
Summary · why it matters

Kerry Group reported a decline in first-half profit after tax to 282.6 million euros from 303.1 million euros a year earlier, while maintaining its full-year constant currency adjusted earnings per share guidance. Revenue slipped 3.7% to 3.34 billion euros, though volume growth reached 3.3%. Adjusted EPS rose 2.3% to 214.1 cents, or 7.9% on a constant currency basis. The company also set medium-term targets through 2030, aiming for high-single-digit plus adjusted EPS constant currency growth, volume growth of 3% to 5%, and an EBITDA margin of 20% to 21%.

Impact on assets 1

Synthetic Biology (non-pharma)▲
Kerry Group
KYGA
± MixedCapitalrelevance

H1 profit fell but adjusted EPS rose and full-year guidance maintained, with medium-term targets set.