By Ian Walker

Kerry Group PLC said Thursday that business volumes grew 1.9% in the first quarter of the year and that it expects adjusted earnings per share for the year to grow between 11% and 15% in constant currency.

Adjusted EPS --which strips out exceptional and other one-off items-- for the year ended Dec. 31 was 345.4 cents.

The Ireland-based food company added that the review of its dairy-related businesses in Ireland and the U.K. is ongoing. It also said that the board continues to invest in the growth of the business while pursuing M&A opportunities.

Kerry had net debt at the end of March of 1.9 billion Euros ($2.30 billion) and said that its balance sheet remains strong.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

April 29, 2021 02:58 ET (06:58 GMT)

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