StockMarketWire.com - Consumer foods group Kerry reported double digit percentage growth in the first quarter of the year, as its acquisitions performed 'very well.'

Reported revenue rose 10.3% in the first quarter of the year, from a year earlier, as business volume edged 3.3% higher, led by its Taste & Nutrition segment, up 3.8%, and consumer foods segment, up 0.8%.

The stronger quarter of revenue was also helped by a 10 basis point margin improved.

'We have made a solid start to the year with overall business performance in line with expectations. The Group continued to deliver volume growth ahead of the market while expanding trading margin,' said Edmond Scanlon - Chief Executive Officer.

'The recently announced acquisitions have performed very well and we are pleased with the progress made on their integration. '

'In summary, we are encouraged by our progress in the quarter and reaffirm our full year 2019 guidance of adjusted earnings per share growth of 6% to 10% in constant currency.'


At 9:59am: [LON:KYGA] Kerry Group PLC share price was +2.65p at 101.05p



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