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The Group's principal activity is manufacturing and marketing of food ingredients and flavour technologies to the global food and beverage industries. The Group also operates as a consumer foods processor and supplier in selected EU markets. The Group supplies over 10,000 food, food ingredients and flavour products to customers in more than 140 countries worldwide with manufacturing facilities in 19 different countries and international sales offices in 20 other countries across the globe. The Group's product brands include Denny, LowLow, Golden Cow, Coleraine, h2, Mattessons, Kerry Spring, Golden Olive, Ballyfree, Bowyers, Cheestrings, Walls, fresh ways, Golden Vale, Brunchettas, Kerrymaid, charleville, Richmond, Lawsons, EasiSingles, Move Over Butter, Homepride Flour and Dawn. The Group's customers include Londis, SuperQuinn, Centra, Morrisons, Tesco, Dunnes Stores, Sainsbury's, bp, Somerfield, Iceland, Waitrose, Spar, ASDA, SuperValu and Marks & Spencer.

21 February 2017

Kerry Group Preliminary Statement of Results for the year ended 31 December 2016

Kerry, the global taste & nutrition and consumer foods group, reports preliminary results for the year ended 31 December 2016 and appointment of Chief Executive Designate.

·    Adjusted EPS* up 7.1% to 323.4 cent
·    Group revenue of €6.1 billion reflecting 3.6% business volume growth
-    Taste & Nutrition €4.9 billion, +4% volume growth
-    Consumer Foods €1.3 billion, +2.1% volume growth
·    Trading profit increased by 7.1% to €750m
·    Group trading margin up 70 basis points to 12.2%
-    Taste & Nutrition +60bps to 14.7%
-    Consumer Foods +30bps to 8.8%
·    Final dividend per share of 39.2 cent (total 2016 dividend up 12% to 56 cent)
·    Record free cash flow of €570m (2015: €453m)
·    Industry-leading RD&A investment
* Before brand related intangible asset amortisation and non-trading items (net of related tax)

Commenting on the results Kerry Group Chief Executive Stan McCarthy said; "In 2016 Kerry delivered good volume growth and a strong financial performance including sustained business margin expansion, record free cash generation and 7.1% growth in adjusted earnings per share. The Group remains confident of its ability to sustain profitable growth throughout global markets. In 2017 we expect to achieve good revenue growth and 5% to 9% growth in adjusted earnings per share".

Contact Information
Frank Hayes
Director of Corporate Affairs
+353 66 7182304
Investor Relations
Brian Mehigan
Chief Financial Officer
+353 66 7182292
Ronan Deasy
Group Financial Controller
+353 66 7182292
William Lynch
Head of Investor Relations
+353 66 7182292


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