Q1 2021 Kerry Group PLC Interim Management Statement Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: James Targett - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Great start to the year. Just really a question on your guidance, particularly on the -- on the volume side. Could you maybe sort of quantify where you see volumes landing for the full year right now as things look? And maybe talk about some of the things that are creating -- we still think a -- some limited visibility. Is it really down to the reopening in the foodservice recovery? Are there particular countries, which are particular markets where you think there's particular uncertainty in terms of the outlook, in terms of understanding something there? And then maybe we could just talk also about the shape of margin for the full year. Obviously, down as expected in the first quarter. I know the guidance was more back-end weighting, but how do you expect margins to progress over the next few quarters would be helpful. And then finally, just in terms of the obviously very strong retail channel volume growth in Taste & Nutrition, could you just sort of talk on a regional basis, were there some sort of markets really kind of lifting that? Or we could talk about double-digit growth in China or something which is really mixing that? And just how broad-based is that growth? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. APRIL 29, 2021 / 6:30AM, KYGa.I - Q1 2021 Kerry Group PLC Interim Management Statement Call