Kerry Group plc (KYGA) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to our Q3 2025 trading update call. I'm joined on the call by our CEO Edmund Scanlon and our CFO Marguerite Larkin. As usual, Edmund and Marguerite will take you through our presentation and we will then open the lines up for your questions. Before we begin, please note the usual disclaimer on our presentation regarding forward looking statements. I will now hand over to Edmund. Thanks William. Good morning everyone and thank you for joining our call. So moving first, to slide four and my overview comments. We delivered a good performance across the first nine months of the year with volume growth well ahead of our markets, combined with strong EBITDA margin expansion. Beginning with revenue, volume growth for Q3 and year-to-date was 3%, which represented a strong in-market outperformance. Looking at this firstly by region, we achieved good growth in the Americas, supported by new product launch activity with both Europe and AFMIA delivering sequential volume growth improvements in the third quarter. From a channel perspective, food service growth of 4.1% was driven by good innovation activity across new menu items, season and launches, and LTOs. Growth in the retail channel was supported by increased retailer brand innovation and nutritional enhancement renovations. And by technology, we had strong performances across savory taste and taste sense, salt and sugar reduction technologies, as well as enzymes, natural extracts, and proactive health technologies. Moving to margins, we delivered strong EBITDA margin expansion of 90 basis points in the period, primarily driven by accelerated operational excellence. And we continue to see good margin expansion opportunity in front of us. On guidance, we remain on track to deliver our full-year guidan...