Kerry Group PLC (FRA:KRZ)

Half Year 2025 Kerry Group PLC Earnings Call Transcript

Jul 30, 2025 / 07:00AM GMT

Release Date Price: €85.95 (-4.29%)

Transcript

Key Points

Positve

Kerry Group PLC (KRYAF) achieved a 3% volume growth in H1 2025, outperforming the overall food and beverage market.
The company reported a strong EBITDA margin expansion of 100 basis points, driven by operational excellence and product mix benefits.
Adjusted earnings per share increased by 9.8% in constant currency, reflecting strong financial performance.
The Americas region showed robust performance with a 3.9% volume growth in Q2, supported by innovation in snacks and beverages.
Kerry Group PLC (KRYAF) maintained a strong balance sheet with a net debt-to-EBITDA ratio of 1.7 times, indicating financial stability.

Negative

End market volumes have softened, leading to a slight moderation in full-year volume growth expectations.
The retail channel in Europe remains challenged, impacting overall regional performance.
Foreign currency translation posed a 1.9% adverse impact on revenue due to U.S. dollar movements and emerging market currency weaknesses.
The APMEA region faced challenges with volume growth in China remaining subdued.
There is a potential foreign currency translation headwind of 4% to 5% on adjusted earnings per share for the full year.

William Lynch

Kerry Group PLC - Head-Investor Relations

Good morning and welcome to our 2025 half-year results call. I'm joined in the call by our CEO, Edmond Scanlon; and our CFO, Marguerite Larkin. Edmond and Marguerite will take you through our presentation and following this, we will then open up the lines for your questions.

Before we begin, please take note of the disclaimer on our H1 presentation regarding forward-looking statements. I'll now pass over to Edmond.

Edmond Scanlon

Kerry Group PLC - Chief Executive Officer, Executive Director

Thanks, William. Good morning, everyone, and thanks for joining our call. So beginning with slide 4 and the summary overview of H1 where we delivered a good overall performance, particularly given market conditions, with continued volume growth and strong marginal expansion driving strong constant currency earnings growth.

So firstly on revenue, we delivered 3% volume growth, which was well ahead of end market and channel growth. This was led by a strong performance in the food service channel with

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