Kerry Group plc

Good morning and welcome to our Q3 2024 results update call. I'm joined on the call by our CEO, Edmund Scanlon, and our CFO, Marguerite Larkin. As usual, Edmund will begin with his overview comments before handing over to Marguerite for the Q3 performance review, and Edmund will close out before opening the lines for questions. Before we begin, please take note of the disclaimer regarding forward-looking statements. Now over to Edmund.

Thanks, William, and good morning, everyone. Beginning first with my overview comments.

We're pleased with our performance across the first nine months of the year, where we delivered continued volume progression through the period, combined with strong margin expansion of well over 100 basis points. In case of nutrition, we delivered volume growth of 3.4% in Q3, which was broadly in line with market expectations and notably ahead of our food and beverage end markets. On geography, this represented strong volume growth in the Americas, a good performance in AFMEA, with volumes in Europe turning positive in the third quarter. And by channel, in retail, we had a steady improvement through the period, while in food service, we continued to deliver strong growth, given our unique positioning.