Kerry revenue and profit down but confident in market outperformance

Kerry Group PLC on Wednesday said it had a strong first half, noting a "step up in volume growth in the second quarter", though it posted a decline in pretax profit and revenue.

The Tralee, Ireland-based provider of nutrition products said pretax profit fell 7.3% to EUR327.8 million in the first half of 2026 from EUR353.6 million a year before, as revenue declined 3.7% to EUR3.34 billion from EUR3.46 billion. Additionally, 'cost from non-trading items' increased to EUR40.5 million from EUR18.1 million.

Earnings before interest, tax, depreciation and amortisation edged up to EUR558.1 million from EUR555.9 million, as Ebitda margin improved to 16.7% from 16.1%.

"We are pleased to report a strong performance in the first half, reflecting a step up in volume growth in the second quarter and continued strong margin expansion. We delivered volume growth across all three regions, with strong growth and market outperformance in the Americas, a solid performance in Europe and good growth in [Asia Pacific, Middle East & Africa]," Chief Executive Officer Edmond Scanlon said.

Despite the lower bottom line, Kerry announced an interim dividend of 46.2 euro cents per share, up 10% from 42.0c a year prior.

Kerry maintains its constant currency adjusted earnings per share growth guidance range of 6% to 10% for the full-year.

Kerry also updated its longer-term guidance out to 2030. It set a revenue volume growth target range of 3% to 5% and an Ebitda margin target of 20% to 21%.

Kerry shares rose 4.0% to EUR87.60 each on Wednesday morning in London.

Copyright 2026 Alliance News Ltd. All Rights Reserved.