Kerry Group 2022 Profit Fell Despite Increased Revenue; Expects Growth in 2023
16 Fevereiro 2023 - 5:28AM
Dow Jones News
By Joe Hoppe
Kerry Group PLC said Thursday that its 2022 pretax profit fell
although revenue rose, and that it expects to achieve growth in
2023.
The Ireland-based food company posted a pretax profit of 699.0
million euros ($747.1 million) for 2022 compared with EUR816.3
million a year earlier, reflecting increased depreciation and
intangible asset amortization and a loss from trading items.
Earnings before interest, taxes, depreciation and amortization,
however, rose 13% to EUR1.22 billion
Revenue rose to EUR8.77 billion from EUR7.35 billion, reflecting
volume growth, price increases and favorable foreign-exchange
headwinds in particular, it said.
The board declared a final dividend of 73.4 European cents,
bringing the total dividend for the year to 104.8 European cents,
an increase of 10% on 2021.
"While recognizing the current market uncertainty, we believe we
are strongly positioned to continue to grow our business through
this period," Chief Executive Edmond Scanlon said.
The company said it expects to achieve adjusted earnings per
share growth in 2022 of 3% to 7% on a constant currency basis.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
February 16, 2023 03:13 ET (08:13 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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