Kerry Group shares rise as results suggest good crisis management

Kerry Group chief executive Edmond Scanlon has said the group is well-positioned to grow further, with more acquisitions likely. 

Kerry Group shares rose on the back of a strong set of annual results and its chief executive saying the business is “well-positioned” to prosper further and that investors support its growth strategy.

The Tralee-headquartered group posted a near 10% jump in annual trading profit to €875.5m and generated revenues of €7.35bn, nearly 6% ahead of 2020 levels.