Dividends increase at Kerry Group, as it plans for further share buybacks in 2024

Food and nutritions giant plans for further share buyback this year

Edmund Scanlon, chief executive of Kerry Group. ‘Overall Taste & Nutrition volume growth represented an outperformance of our markets.’ Picture: Maxwells

Kerry Group, the food and nutrition giant, reported revenue of €8 billion for 2023, down from €8.7 billion in 2022, according to annual results from the group.

Earnings before deductions were €1.16 billion in 2023, down 4.2 per cent on the prior year.

However, the group’s Ebitda margin increased by 60bps to 14.5 per cent.

The company said it would pay a final dividend of 80.8 cent per share, bringing the total 2023 dividend to ...