Kerry Group has said it is confident of delivering 6-10% growth in adjusted earnings per share for the full year, as previously guided. 

In an interim management statement, the global taste and nutrition and consumer foods group reported a 2.9% growth in business volumes for the first three months of the year.

Volumes in its taste and nutrition unit rose by 3.1%, while its consumer foods division saw volume growth of 2.1%.

The company said that while overall market conditions remain "challenging", it was seeing good progress in the integration of the businesses it had bought in 2015.

Kerry said it saw "sustained growth" in North American markets and improved performance in Latin America compared to the same time last year despite significant "adverse currency movements".

But it added that market conditions in the EMEA - Europe, Middle East and Africa - remain challenging due to the deflationary environment in regional developed markets.

It also said it was continuing to see geopolitical instability in regional developing markets.

The company said that market conditions in Ireland and the UK continue to be highly competitive, but its Kerry Foods division delivered a good business performance in the first quarter of 2016 as it capitalised on snacking, convenience and food-to-go trends.

"The board is confident of delivering 6% to 10% growth in adjusted earnings per share to a range of 320 to 332 cent per share in 2016 as previously guided, taking into account a 4% currency headwind at current exchange rates," the company said.

Shares in the company were lower in Dublin trade this afternoon.