Companies

Kerry Group set to post modest profit growth as investors hope for further capital returns

The Irish food and nutrition giant, which endured a difficult 2023 with its share price hitting six year lows, is expected to report profits of €1.2 billion this week

Edmond Scanlon, chief executive of Kerry Group. Picture: Maxwells

Kerry Group, the food and nutrition giant, is expected to post modest earnings growth for its 2023 financial year when it releases its preliminary results on Thursday morning.

The company, which is led by chief executive Edmond Scanlon, updated investors in October last year stating that it expects profit growth in 2023 to be at the lower end of its previous guidance of 1 to 5 per cent growth.

Patrick Higgins, an analyst at Goodbody ...