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Kerry 2006 Results

Posted: March 12, 2007

Kerry Group plc (Tralee, Ireland) has reported 2006 (ended December 31, 2006) sales revenue growth of 4.9% to €4.65 billion. Like-for-like revenue growth was 3.6% year-on-year. Kerry’s food ingredients business achieved total sales revenue of €3.13 billion, an increase of 3.7%. Total group sales revenue throughout European markets grew by 4.2% to €3 billion. In American markets, the group’s ingredients and flavors businesses increased sales revenue by 5.2% to €1.3 billion. Sales revenue in Asia Pacific markets grew by 9.2% to €363 million.

Of the results, Kerry chief executive Hugh Friel said, “While 2006 was a challenging year for the group, I am pleased by the improved trading performance in the second half benefiting from successful innovation and on-going business restructuring and cost saving programs. The group has made a good start to 2007 and we are confident of an outcome for the full year in line with market expectations.”