In its preliminary statement of results for the year ended December 31, 2019, Kerry Group has reported a revenue of €7.2 billion which – according to a statement released by the global taste and nutrition and consumer foods group – reflects a growth of 9.6%.

The results for the group were released this morning, Tuesday, February 18.

In the preliminary results, Kerry Group has reported a volume growth of 4% in its Taste and Nutrition sector.

Meanwhile, its consumer foods sector has experienced a 2.2% volume reduction. However, the results outline that excluding the recent exit of a contract, the sector experienced a growth of 0.9%.

The group’s trading profit has increased to €903 million which reflects a reported growth of 12.1%.

Commenting on the results, Edmond Scanlon, Kerry Group’s chief executive officer (CEO), said: “We are pleased with the business performance and the strategic development of the group in 2019.

“We also enhanced our trading profit margin and achieved growth in adjusted earnings per share of 8.3% in constant currency.”

Continuing, Scanlon outlined: “Significant progress was made right across our strategic growth priorities of taste, nutrition, foodservice and developing markets.

“We successfully integrated a number of strategic acquisitions, expanded our strategic footprint in high-growth developing markets, while further enhancing our industry-leading global integrated solutions portfolio,” the CEO concluded.