Kerry Foods hailed strong performances for brands including Fridge Raiders and Cheestrings, but sales at its consumer foods division still fell by more than 6% on a like-for-like basis in 2009.
Volumes were down by 1.6% at its consumer foods arm, although meat snacks grew by more than 10%. Lower pricing for the division also contributed as sales slid to €1.7bn.
But improved margins meant pre-tax profits at the Wall’s sausage maker rose by 6% to €335.8m, despite sales also falling at its ingredients business over the year.
Kerry chief executive Stan McCarthy claimed the company had “performed robustly in what was a challenging environment” and would continue to improve margins in the year ahead.
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