Belfast Telegraph

Sales up 4.5% in nine months at Kerry Group

By John Mulgrew

Coleraine Cheddar owner Kerry Group has seen its sales rise 4.5% in the first nine months of the year.

Kerry Group owns six facilities in Northern Ireland, including Dairy Produce Packers, makers of the popular cheese brand, Henry Denny & Sons in Portadown and Golden Cow in Craigavon.

Chief executive Edmond Scanlon said: "The Kerry business model continues to deliver speedy innovation in response to the pace of change in the food and beverage industry.

"We achieved good volume growth in the first nine months of 2017 and for the full year, taking into account the 4% currency translation headwind, we expect to achieve growth in adjusted earnings per share of 4% to 6% on a reported basis to a range of 336 to 343 cent per share".

The group's business volumes increased by 4.2% during the period, while reported sales increased by 4.5%.

The company also saw sales rise 4.8% to €3.2bn (£2.9bn) during the first half of the year.

Belfast Telegraph

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