Kerry's First-Half 2016 Results Show Strong Margin Performance Offsetting Currency Pressures
Kerry reported mixed first-half 2016 results, with strong margin progression offsetting slightly weaker-than-expected volume growth (though it accelerated between the first and second quarters) and especially currency which is now expected to shave 5% off full-year sales due to the weakness of the pound sterling. Raw material prices were again down, which came as a surprise, given that signs had been for some stabilisation to set in. We are making only minor tweaks to our model, and our EUR 68 f...Kerry Group is an international food corporation. Co. is engaged in ingredients and flavor technologies serving the food, beverage and pharmaceutical industries and is also a consumer foods processor and supplier in selected European Union (EU) markets. Co. has two operating segments: Ingredients & Flavors, and Consumer Foods. The Ingredients & Flavors operating segment is engaged in manufactures and distributes application specific ingredients and flavors spanning a number of technology platforms; and Consumer Foods segment is engaged in manufactures and supplies added value brands and customer branded foods primarily to the Irish and U.K. markets.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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