01/08/2022 | Ingredients

Kerry delivers strong growth across Taste and Nutrition

Kerry’s financial results for the first half of the year saw a revenue increase of 13.3 % to EUR 4.1 bn, representing 15.2 % organic growth overall. CEO Edmond Scanlon is pleased with the company’s overall performance and business momentum, despite inflationary challenges and geopolitical volatility in a highly dynamic marketplace: “Volume growth was solid in both retail and foodservice channels, driven by an increased level of innovation activity. This growth was broad-based across our regions, led by excellent performances in Beverage, Meat and Bakery end-use markets in particular. We also made good strategic progress by expanding our footprint and completing several strategic acquisitions in the period.”

Taste & Nutrition reported revenue increased by 27.5 % to EUR 3.445 bn, driven by volume growth, positive pricing, favourable foreign currency impacts and a positive contribution from acquisitions net of disposals. Overall growth across the group’s key growth platforms was strong, led by increased demand for Kerry’s range of food waste solutions, with good growth across authentic taste and plant-based solutions.