trending Market Intelligence /marketintelligence/en/news-insights/trending/fVUrNH6yeiH5CJAYg8uJFg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Kerry Group narrows FY'19 outlook after H1 adjusted EPS rises 8.4% YOY

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Kerry Group narrows FY'19 outlook after H1 adjusted EPS rises 8.4% YOY

Irish packaged food producer Kerry Group PLC on Aug. 8 narrowed its 2019 adjusted EPS guidance after reporting an 8.4% year-over-year increase in adjusted EPS for the first half.

The company said it expects adjusted EPS growth of 7% to 9% at constant currency, versus the previous guidance of 6% to 10% growth.

For six months ended June 30, adjusted EPS on a constant currency basis was 164.1 euro cents, an 8.4% increase from 151.4 cents in the year-ago period.

Adjusted earnings before taxes also rose to €331.1 million from €291.3 million in the previous-year period.

Group revenue came in 10.7% higher at €3.57 billion from €3.23 billion in the corresponding period of 2018. The growth was attributable to a 3.3% rise in volume driven by meat, snacks and beverage end-use markets, as well as an expansion in trading margin by 20 basis points.

The company said its board raised the interim dividend by 11.9% to 23.5 cents per share from 21 cents per share. The dividend is payable Nov. 15 to shareholders of record as of Oct. 18.

Kerry Group's shares were trading up 4.2% at €107.80 per share during afternoon trading in London.