Kerry Group 'A' Shares (KYGA)

Sector:

Food

  102.40
   
  • Change Today:
     1.60
  • 52 Week High:  125.6
  • 52 Week Low:  92.5
  • Currency: Euro
  • Shares Issued: 176.70m
  • Volume: 23,372
  • Market Cap:  18,094m
  • RiskGrade: 109

Kerry targets 10% earnings growth per annum

By Benjamin Chiou

Date: Wednesday 29 Jun 2011

LONDON (ShareCast) - Shares in Kerry Group edged higher on Wednesday after the company announced new growth targets, including an average 10% growth in adjusted earnings per share per annum over the next five years.

Stan McCarthy, the chief executive of the firm, which owns the sausage brands Richmond and Walls, said that its new targets will be achieved by “above industry-average volume growth, business margin progression and the net benefits accruing from the Group's business transformation and efficiency programmes.”

Kerry expects to achieve like-for-like (LFL) volume growth of 3% to 5% per annum, with the ingredients and flavours businesses targeting 4% to 6% LFL growth (10% in emerging markets). The consumer foods business is targeting 2% to 3% LFL growth.

Ingredients and flavours are expecting to increase margins by 50 basis points (bp) per annum and consumer foods is targeting a 20bp improvement per annum. This will equate to an annual 30bp increase in group margin over the next half decade.

Kerry predicts that the completion of the group’s ‘Kerryconnect’ business enablement programme will contribute a further 100bp improvement to group margins over the five year.

“Our capital spend will increase to support the Group's planned growth over the five-year cycle and expenditure on the Kerryconnect programme will be approximately €350m. Notwithstanding this increased investment in Group systems and infrastructure, our financial return target ratios remain above 15% for return on average equity (ROAE) and above 12% for cash flow return on investment (CFROI)," McCarthy added.

BC

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

KYGA Market Data

Currency Euro
Share Price   102.40
Change Today   1.60
% Change 1.59 %
52 Week High  125.6
52 Week Low  92.5
Volume 23,372
Shares Issued 176.70m
Market Cap  18,094m
RiskGrade 109

KYGA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.06% below the market average94.06% below the market average94.06% below the market average94.06% below the market average94.06% below the market average
93.1% below the sector average93.1% below the sector average93.1% below the sector average93.1% below the sector average93.1% below the sector average
Price Trend
52.21% above the market average52.21% above the market average52.21% above the market average52.21% above the market average52.21% above the market average
44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average
Income
88.87% below the market average88.87% below the market average88.87% below the market average88.87% below the market average88.87% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
66.8% below the market average66.8% below the market average66.8% below the market average66.8% below the market average66.8% below the market average
17.24% above the sector average17.24% above the sector average17.24% above the sector average17.24% above the sector average17.24% above the sector average

What The Brokers Say

Strong Buy 10
Buy 1
Neutral 2
Sell 0
Strong Sell 1
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

KYGA Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Oct-20 16-Apr-20
Paid 13-Nov-20 15-May-20
Amount 25.90¢ 55.10¢

Trades for 29-Oct-2020

Time Volume / Share Price
17:50 61 @  102.94
17:33 1,964 @  102.39
16:53 4,473 @  102.86
16:35 35 @  102.40
16:35 188 @  102.40

KYGA Key Personnel

Chair Philip Toomey
CEO Edmond Scanlon
CFO Marguerite Larkin

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