Kerry Group posts 5.9% fall in revenue as lower prices hit key divisions

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

Kerry Group reported an almost 6% fall in group revenues in the first six months of this year as lower prices hit its dairy Ireland and taste and nutrition business.

The food giant saw price deflation of 4% across the group over the first half of the year, with revenues falling to €3.9bn, down 5.9%.