Kerry Group Targets 4%-6% Revenue Volume Growth in 2022-2026
13 October 2021 - 6:25PM
Dow Jones News
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)
Copyright (c) 2021 Dow Jones & Company, Inc.
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