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    KRZ   IE0004906560

KERRY GROUP PLC

(KRZ)
  Report
Real-time Irish Stock Exchange  -  11:30:06 2023-02-07 am EST
87.04 EUR   -1.09%
01/11ADRs End Higher, Kerry Group and Caixabank Trade Actively
DJ
01/11Kerry sells sweet ingredients portfolio to Advent for 500 million euros
RE
01/11Kerry to sell Sweet Ingredients portfolio for around EUR500 million
AN
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Kerry Group to Buy Majority Stake in C-LEcta for EUR137 Million; Acquired Enmex in Dec for EUR62 Million

02/15/2022 | 02:58am EST

By Kyle Morris


Kerry Group PLC said Tuesday that it has reached agreement to acquire around 92% of c-LEcta GmbH for 137 million euros ($154.9 million), and that it acquired Enmex SA de CV on Dec. 14 for EUR62 million.

The Ireland-based food company said the deal for c-LEcta, a biotechnology innovation company, is strategically important and will accelerate Kerry's innovation capabilities in enzyme engineering, fermentation and bio-process development.

Enmex is a enzyme manufacturer based in Mexico, supplying multiple bio-process solutions for food, beverage and animal-nutrition markets, Kerry said. Enmex's enzyme portfolio and manufacturing infrastructure will extend Kerry's fermentation and enzyme manufacturing capabilities into Latin America, it said.


Write to Kyle Morris at kyle.morris@dowjones.com


(END) Dow Jones Newswires

02-15-22 0257ET

All news about KERRY GROUP PLC
01/11ADRs End Higher, Kerry Group and Caixabank Trade Actively
DJ
01/11Kerry sells sweet ingredients portfolio to Advent for 500 million euros
RE
01/11Kerry to sell Sweet Ingredients portfolio for around EUR500 million
AN
01/11Kerry Group in Talks to Sell Sweet Ingredients Portfolio for EUR500 Million
DJ
01/11Kerry Group In EUR500 Million Talks to Sell Sweet Ingredients Portfolio
MT
01/11IRCA S.p.A. entered into exclusive negotiations to acquire Sweet Ingredients Portfolio ..
CI
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CI
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More news
Analyst Recommendations on KERRY GROUP PLC
More recommendations
Financials
Sales 2022 8 658 M 9 296 M 9 296 M
Net income 2022 640 M 688 M 688 M
Net Debt 2022 2 059 M 2 211 M 2 211 M
P/E ratio 2022 23,8x
Yield 2022 1,19%
Capitalization 15 575 M 16 722 M 16 722 M
EV / Sales 2022 2,04x
EV / Sales 2023 1,91x
Nbr of Employees 22 000
Free-Float 88,3%
Chart KERRY GROUP PLC
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Technical analysis trends KERRY GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 88,00 €
Average target price 109,55 €
Spread / Average Target 24,5%
EPS Revisions
Managers and Directors
Edmond Scanlon Chief Executive Officer & Executive Director
Gerry Behan Global President & Executive Director
Marguerite Larkin Chief Financial Officer & Executive Director
Tom Moran Chairman
Brenda L'Estrange Global Chief Information & Process Officer
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