Kerry Group’s revenues reached €3 billion in the first half of the year – up 2.7% on the same period of 2014.
The food company’s adjusted pre-tax profit was also higher, rising 7.7% to €254.2m in the six month period.
The bulk of the group’s revenue in the period - €2.3 billion – came from its ingredients and flavours division - which makes a range of products including sauces, infant formula and sweeteners.
This figure was 6.4% higher than in the same period of last year, with Kerry saying its focus on nutrition and wellness, developing markets and rapid innovation being key to its growth.
Meanwhile the company’s consumer foods division – which includes brands like Dairygold and Cheesestrings – brought in revenues of €749.3m, down 6.4% year-on-year.
Kerry said product pricing had fallen during the year, while acquisitions also had a negative impact on its like-for-like figure.
Acquisitions in the period included KFI Savory, which was part of Kraft Foods Ingredients, Insight Beverages, Turkey’s PST Pastacilik Gida and “hot-to-go” food maker Rollover Limited.
As a result of its positive start to the year, Kerry said it was increasing its full year guidance, with the group now expected to earn 296-304c per share in the year, which would represent growth of 6% to 9%.