Kerry Group has reported a 3.2% increase in business volumes for the nine months to the end of September.

In an interim management statement, Kerry said that business volumes in its taste and nutrition division rose by 3.4% while they were up 2.2% in its consumer foods unit.  

The nutrition and consumer foods group also reaffirmed its full year earnings guidance today.

It said that growth in adjusted earnings per share in 2016 is expected to be towards the middle to lower end of 6% to 10% range of 320 to 332 cent per share. 

Kerry noted that overall global market conditions remained weak and were impacted by currency volatility, the changing marketplace and continuing geopolitical issues in some developing regions. 

Despite the uncertainty and sterling devaluation after the Brexit vote in the UK in June, the company said its Kerry Foods division continued to perform well in the UK and Irish markets.

In the nine month period, business volumes at the division grew by 2.2%, while pricing was 2% lower. 

It noted its "Dairygold" brand maintained a solid brand performance in Ireland, assisted by new product launches. Charleville performed well in the cheese sector, while its "Fire and Smoke" branded meat products achieved food growth with the launch of a "food-to-go" snacking pots range.

The Americas business of its Taste & Nutrition business saw 3.6% volume growth which was in response to health and wellness trends in the North American markets. Strong market development was also seen in the bakery and meat sectors. 

But Kerry's EMEA markets remained challenging, hit by price deflation in many markets and geopolitical instability in some regional developing markets. Business volumes edged 0.3% higher compared to the same time last year. 

Kerry said that growth was generated across all its markets in Asia, which contributed to an "excellent" business performance for the company. It also noted that market conditions in Australia and New Zealand had stabilised. 

Shares in the company closed almost 5% higher in Dublin trade on the back of the company's statement.