Kerry Group PLC
18 May 2007
Press Announcement
Updating Statement : Annual General Meeting : Kerry Group plc
18 May, 2007
Kerry, the global ingredients, flavours and consumer foods group, today stated
that a good trading performance to-date in 2007 allows the Group to confirm its
overall positive outlook for the year.
Addressing shareholders at the Group's Annual General Meeting, Hugh Friel, Chief
Executive reported a solid overall business performance in the first four months
of 2007 and, notwithstanding the recent depreciation of the U.S. dollar versus
the euro, he said the Group was confident of delivering an outcome for the full
year in line with market expectations.
Mr Friel added, 'the Group's business restructuring programme which commenced in
2006 is now well advanced and our core businesses are well positioned to compete
effectively in the markets in which they operate. With growing demand for
natural, enhanced nutritional food and beverage products, our ingredients,
flavours and bio-science innovation programmes are achieving good progress. In
the Group's Irish and UK consumer foods categories, the increased momentum
towards premiumisation and increased demand for 'food-to-go' and quality
convenient offerings continues to provide good growth opportunities.'
ends
For further information please contact : Telephone: + 353 66 718 2304
Frank Hayes, Fax: + 353 66 718 2972
Director of Corporate Affairs, Email: corpaffairs@kerry.ie
Kerry Group plc. Website: www.kerrygroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
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