Kerry Group, a global leader in food technology and ingredients, has reported revenues of €8 billion for 2024, maintaining a strong position for continued market growth this year.
The company announced a profit after tax of €673 million, a decrease from €728 million in 2023. Despite the profit decline, Kerry Group declared a final dividend of 89 cent per share, bringing the total dividend for 2024 to 127.1 cent — a 10.1% increase compared to the previous year.
Kerry Group described 2024 as a more "normalised" year following the turbulence of recent times, though some markets remained subdued. The company’s Taste & Nutrition division experienced a 3.4% increase in revenues, reaching €6.929 billion. Meanwhile, EBITDA grew by 5.9%, totaling €1.256 billion, reflecting steady progress throughout the year.
The foodservice sector saw notable success, with volume growth of 6.8%, driven by innovative menu items, seasonal offerings, and solutions aimed at reducing costs and simplifying processes. Retail growth was also positive, with a 1.8% increase, supported by strong performances in the Americas and the APMEA region.
Kerry Group remains optimistic about its prospects for 2025, citing ongoing product innovation and a commitment to operational efficiency as key factors for its anticipated market outperformance.
The company announced a profit after tax of €673 million, a decrease from €728 million in 2023. Despite the profit decline, Kerry Group declared a final dividend of 89 cent per share, bringing the total dividend for 2024 to 127.1 cent — a 10.1% increase compared to the previous year.
Kerry Group described 2024 as a more "normalised" year following the turbulence of recent times, though some markets remained subdued. The company’s Taste & Nutrition division experienced a 3.4% increase in revenues, reaching €6.929 billion. Meanwhile, EBITDA grew by 5.9%, totaling €1.256 billion, reflecting steady progress throughout the year.
The foodservice sector saw notable success, with volume growth of 6.8%, driven by innovative menu items, seasonal offerings, and solutions aimed at reducing costs and simplifying processes. Retail growth was also positive, with a 1.8% increase, supported by strong performances in the Americas and the APMEA region.
Kerry Group remains optimistic about its prospects for 2025, citing ongoing product innovation and a commitment to operational efficiency as key factors for its anticipated market outperformance.
