Food group Kerry has told investors it expects its earnings to grow by an average of more than 10% a year for the next five years.
Chief executive Stan McCarthy told a presentation in London that this would be done by achieving above-average volume growth, improvements in margins and benefits from its cost-saving measures.
He said Kerry expected to achieve underlying growth in sales volumes of 3% to 5% a year over the five-year period. This would include 4-6% growth in its ingredients and flavours business and 2-3% in the consumer foods arm.
Mr McCarthy also said Kerry would raise its capital spending to support its growth plan, with €350m to be invested in an integrated IT system for the group.
