The group reported volume growth of 3.3%, which it described as “continued strong end market outperformance”.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) margin increased by 60 basis points to 16.7%, while the group EBITDA totalled €558 million. This was up from €556 million in H1 2025.
Kerry said that its growth in the period was driven by “good innovation activity” in the foodservice channel and continued product renovation activity in the retail channel. Volume growth for the business was led by snacks, meat and dairy, while foodservice achieved volume growth of 4.8%.
According to Kerry, growth in its retail channel was supported by continued product renovation activity and innovation in high-growth areas across a range of customers.
Commenting on the results, Edmond Scanlon, chief executive officer, stated: “We are pleased to report a strong performance in the first half, reflecting a step up in volume growth in the second quarter and continued strong margin expansion. We delivered volume growth across all three regions, with strong growth and market outperformance in the Americas, a solid performance in Europe and good growth in APMEA. The EBITDA margin expansion was led by efficiencies delivered through our Accelerate 2.0 programme.
“We continued to evolve and develop our business in the period, including good strategic progress in expanding our manufacturing footprint across a number of emerging markets, further development of our taste and biotechnology solutions capabilities, and continued execution of Accelerate 2.0 through our footprint optimisation and digital excellence programme.
“Today we have updated our financial targets and earnings growth algorithm to 2030. Our revenue volume growth target range of 3%-5% represents our confidence in continuing to deliver consistent strong market outperformance and is set in the context of current market conditions. This growth combined with our EBITDA margin target of 20%-21% by 2030 will be the key drivers of delivering our HSD+ earnings growth over the coming years.”
