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KRYAY Kerry Group Plc (PK)

97.50
4.08 (4.37%)
29 Nov 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Kerry Group Plc (PK) USOTC:KRYAY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  4.08 4.37% 97.50 95.33 99.05 97.50 94.91 94.92 256,342 18:22:43

Kerry Group Targets 4%-6% Revenue Volume Growth in 2022-2026

13/10/2021 8:25am

Dow Jones News


Kerry (PK) (USOTC:KRYAY)
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By Jaime Llinares Taboada

 

Kerry Group PLC said Wednesday that it has updated its average revenue volume growth target to 4%-6% for 2022-2026.

The global taste-and-nutrition company said it will invest 120 million euros ($138.4 million) between 2022 and 2024 for its manufacturing and supply chain, and that it expects this to yield an annual recurring benefit of around EUR70 million starting in 2025.

Kerry is targeting an earnings before interest, taxes, depreciation and amortization margin of at least 18% by 2026.

In addition, the company enhanced its sustainability targets and is now targeting a 55% reduction in Scope 1 and 2 emissions by 2030, up from the previous goal of 33%.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

October 13, 2021 03:10 ET (07:10 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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