Kerry Group said it continues to expect earnings per share to grow by between 6 per cent and 10 per cent this year despite an almost 4 per cent decline in revenues in the first half of 2026, largely due to currency fluctuations.
The taste and nutrition giant reported sales volume growth of 3.3 per cent across all three of its main regions compared to the first six months of 2026.
Volume growth was strongest in the Middle East, Africa, and Asia region, the Dublin-listed group said, with China returning to growth during the period.
Overall, revenues fell by 3.7 per cent to €3.34 billion, down from almost €3.5 billion in the first half of 2025.
Kerry Group said “adverse” currency effects dragged on the headline figure, “primarily driven by the significant weakening of the US dollar versus the euro”.
However, it expects the currency translation impact to be “favourable” in the second half of the year, based on current trends.
Kerry Group said its volume growth in the first half was “significantly ahead of food and beverage end markets”, which were affected by “geopolitical uncertainty” and consumer affordability issues.
More to follow …