Food giant Kerry Group has seen its business volumes rise by 3.2% in the nine months to September 30, including a 2.2% volume increase at its consumer foods business.
The Ireland-based group said that reported revenues for the period increased by 0.4%, 'reflecting the business volume growth, lower pricing, adverse currency translation impact of 4.5%, adverse currency transaction impact of 0.3%, and the effect of acquisitions net of disposals of 4.2%'.
In its Consumer Foods business, Kerry said that it maintained a 'solid business performance' despite the competitive marketplace and the 'uncertainty caused by the Brexit vote in the UK'.
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It added that 'consumer demand for dairy and meat snack offerings and prepared meals continued to provide good growth opportunities for the division'.
© 2016 European Supermarket Magazine – Article by Stephen Wynne-Jones.