Dairy producer Kerry Group recorded a strong performance in the third quarter of the year, with volume growth of 3%.

The parent company of Dairygold and Charleville saw a positive pricing increase of 0.2%, but experienced a negative foreign currency of 3.6%.

Kerry Group’s revenue decreased by 1%, driven by falling consumer demand and macroeconomic and geopolitical uncertainty.

Edmond Scanlon, chief executive officer of Kerry Group, commented: “We delivered a good performance across the first nine months of the year, with volume growth well ahead of our markets, combined with strong margin expansion.

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“We achieved good growth in the Americas supported by product launch activity, with Europe and APMEA delivering sequential volume growth improvement in the third quarter.”

He added:  “Looking to the remainder of the year, while recognising continued market uncertainty, we remain well positioned for volume growth and strong margin expansion, as we continue to support our customers as an innovation and renovation partner.”

Kerry Group maintained its future guidance and outlook for the full financial year. Last year the dairy manufacturer reported a strong performance which was boosted by its taste and nutrition arm.