Kerry Group shares bounce 4% despite price increases

Irish foods ingredients giant posts annual revenues of €8.8bn

'In 2023, we expect to achieve 3% to 7% adjusted earnings per share growth on a constant currency basis,' said Kerry Group chief executive Edmond Scanlon.

Kerry Group shares bounced by over 4% after the Irish foods ingredients giant posted annual revenues of €8.8bn, boosted by price increases as well as volume growth. 

Group sales growth of over 19% in 2020 was helped by a 6% rise in volume growth, price increases of 11.7%, as well as a small measure of favourable currency translations, the company said.