Kerry Group shares subdued despite revenue increase and strong outlook

Ingredients, nutrition, and flavourings giant's shares have risen by less than 13% in the past 12 months

Kerry Group CEO Edmond Scanlon said the taste and nutrition group expects to deliver "strong volume and earnings growth" this year.

Shares in Kerry Group remained subdued despite the Tralee-headquartered ingredients, nutrition, and flavourings giant posting strong revenue growth so far this year and saying it expects to generate strong earnings and volume growth for 2021 as a whole.

Kerry’s shares, up less than 1% on the back of its latest trading update, have risen by less than 13% in the past 12 months despite it accelerating its transformation into a global taste and nutrition business through more acquisitions and the sale of the bulk of its consumer foods business.