Kerry upbeat on recovery despite 4.5% drop in revenue

Kerry Group CEO Edmond Scanlon

Kerry Group shares jumped after its management said the business is beginning to see a sustained recovery in trading, despite sales being down by over 4% so far this year.

In its latest trading update, the Tralee-headquartered international food, ingredients, and nutrition group said total revenue for the first nine months of the year fell by 4.5% as Covid restrictions impacted sales volumes.