2024-04-18 10:30:00 ET
Summary
- Kerry Group plc's annual revenue decreased by almost 9% to 8.02B EUR, but EBITDA only decreased by 4%.
- The company's operating profit increased in 2023, mainly due to the lack of net-negative non-recurring items it encountered in 2022.
- Kerry Group has access to plenty of liquidity, with 944M EUR in cash and total financial debt of 2.47B EUR.
Introduction
Ireland-based Kerry Group plc ( KRYAY , KRYAF ) is active in the food, beverage and pharmaceutical industries . Its core business is the "value add ingredients and solutions" where it helps its customers to develop the specific taste for its products. Think about improving a burger taste or making a stevia-sweetened drink taste good without compromising on taste. One of the more recent challenges comes from the non-alcoholic beverage industry, which wants its non-alcoholic products like beer to taste the same as the "normal" product. It’s a very interesting subdivision of the foods & beverage sector...
Read the full article on Seeking Alpha
For further details see:
Kerry Group: Expect Improving Results In 2024 And 2025