Kerry Group Full-Year Report 2023

Highlights

• Group revenue of €8,020m
• Taste & Nutrition volume growth of +1.1% and +0.1% in Q4 (FY 2022: +7.8%) | Group volumes -0.9% (FY 2022: +6.1%)
• Group pricing -0.7% reflecting the deflationary H2 environment (FY 2022: +11.7%)
• EBITDA of €1,165m with organic profit growth more than offset by the impact of disposals and translation currency
• EBITDA margin increased by 60bps to 14.5% | Taste & Nutrition EBITDA margin 17.0%
• Adjusted EPS of 430.1 cent – reflecting a 1.2% increase in constant currency (2022: 440.6 cent)
• Basic EPS of 410.4 cent (2022: 341.9 cent)
• Free cash flow of €701m reflecting 92% cash conversion
• Good progress on sustainability commitments including increasing nutritional reach to 1.25 billion consumers