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Stock impact report

Kerry Group Pretax Profit Rose; Plans Further Share Buyback [MarketWatch]

KERRY GROUP PLC S/ADR (KRYAY) 
NASDAQ:AMEX Investor Relations: kerrygroup.com/investors
Company Research Source: MarketWatch
The Ireland-based food company said Thursday that pretax profit was 822.6 million euros ($882.5 million) compared with EUR699.0 million for the prior year. Advertisement Earnings before interest, taxes, depreciation and amortization were EUR1.165 billion compared with EUR1.22 billion, while its Ebitda margin increased 60 basis points to 14.5%, the company said. Group revenue fell to EUR8.02 billion from EUR8.77 billion due to a challenging environment. Taste and nutrition volumes increased 1.1% and outperformed markets, the company said. Europe volumes rose 2.9% led by a strong performance in the foodservice channel, while volumes in North America were affected by stocking dynamics and softer market conditions, the company said. Advertisement Dairy Ireland performance decreased 6.5% due to challenging market conditions across the year, Kerry Group added. The board declared a final dividend of 80.8 European cents a share, an increase of 10% on 2022. "During the year, w Show less Read more
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