Revenues fall by almost 10% at Kerry Group as consumer demand remains subdued

Group said consumer demand remained "relatively subdued" following high inflation

Edmond Scanlon, Chief Executive Officer, Kerry Group. PIC: MAXWELLS DUBLIN

Kerry Group posted an almost 10% drop in revenues in the first three months of this year with consumer demand remaining "relatively subdued" following high inflation.

However, the group saw its earnings before interest, tax, depreciation and amortisation (Ebitda) rise by 1.4%, driven by cost efficiencies, portfolio developments and the effect of pricing.