Kerry Group plc (KYGA) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to our 2026 half-year results. I'd like to start with a quick logistics update this morning as we're conscious it's a busy period of earnings releases. As usual our CEO Edmund Scandlin and our CFO Marguerite Larkin will take you through our H1 results presentation. We have also today released our 2030 financial targets. A separate webcast with their prepared remarks is available on our website. At 8 30 a.m today we will host our analyst Q&A call which will cover both our half-year results and our 2030 financial targets. Before we begin, please take note of the disclaimer on the H1 presentation regarding forward-looking statements. I'll now hand over to Edmund. Thanks, William. Good morning, everyone. Beginning with slide four and the summary overview of H1 2026. We're pleased to report a strong performance in the first half, reflecting a step up in volume growth in the second quarter, combined with continued strong margin expansion, driving high single digit constant currency adjusted EPS growth. Firstly, in revenue, we delivered 3.3% volume growth in the half, which was well ahead of end market and channel growth and reflected an acceleration in volume growth from 3.1% in Q1 to 3.5% in Q2. This increase in growth was broad based across each of our three regions and also across both the retail and food service channels. Growth was led by a strong performance in the food service channel with a range of new menu innovations, seasonal launches and cost reduction solutions. Growth in the retail channel was supported by continued product renovation activity and innovation in high growth areas across a range of customers. On EBITDA margins, we delivered margin expansion of 60 basis points in H1, with margin progression across all three regions. Thi...