Kerry Group earnings per share growth beats forecasts

Kerry Group is anticipating earnings per share growth of 7% to 11% for 2013, on the back of a set of 2012 figures which largely beat market forecasts.

The Tralee-headquartered food giant yesterday reported adjusted earnings per share of 237.6c for 2012, a rise of 11.3% on the previous year and 1% higher than analyst forecasts.

The figure also comfortably came within Kerry’s own guidance of 8%-12% growth.