Taste and nutrition giant Kerry has reported increased revenues driven by both volume growth and price hikes. In 2022, revenues climbed 19.3 % to EUR 8.8 bn as “enhance and refine” strategy pays off. The company’s taste and nutrition segment displayed strength last year, with volume increases across markets, regions and channels, while its dairy segment relied on price increases to boost revenues.

“We made good strategic progress in the year through development of our innovation platforms, footprint expansion and continued portfolio development,” says CEO Edmond Scanlon. “We completed a number of acquisitions aligned to our strategic priorities of Taste, Nutrition and Emerging Markets, and since year-end, we announced the potential sale of our Sweet Ingredients Portfolio, as we continue to enhance and refine our business to areas where we can add most value.”