Kerry Group Targets 4%-6% Revenue Volume Growth in 2022-2026

By Jaime Llinares Taboada

Kerry Group PLC said Wednesday that it has updated its average revenue volume growth target to 4%-6% for 2022-2026.

The global taste-and-nutrition company said it will invest 120 million euros ($138.4 million) between 2022 and 2024 for its manufacturing and supply chain, and that it expects this to yield an annual recurring benefit of around EUR70 million starting in 2025.

Kerry is targeting an earnings before interest, taxes, depreciation and amortization margin of at least 18% by 2026.

In addition, the company enhanced its sustainability targets and is now targeting a 55% reduction in Scope 1 and 2 emissions by 2030, up from the previous goal of 33%.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

October 13, 2021 03:10 ET (07:10 GMT)

Kerry (PK) (USOTC:KRYAY)
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