Results
Revenues fall at Kerry Group as disinflation sees prices shrink
Nutrition giant announced €300 million share buyback scheme, leading the group to upgrade its share earning projections
Kerry Group, the Irish taste and nutrition giant, has announced a share buyback programme worth €300 million, leading the group to upgrade its share earnings projections for the year.
It comes as group revenue fell by 9.9 per cent in the first three months of the year, driven lower by “unfavourable translation currency of 1.4 per cent”.
Volumes increased by 1.9 per cent in the same period while prices came down 5.3 per cent.
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