Kerrygold is one of the biggest food brands in Ireland and one of our largest exports.
Earlier today, its parent company Ornua announced that revenues last year were flat at €3.4 billion but its operating profit and Ebitda were up, helped by efficiencies achieved during the period.
But that was last year. Before Donald Trump won the US presidential election and later announced sweeping tariffs on all imported goods.
Kerrygold is one of the main Irish food brands facing a hit from Trump’s tariffs, which are currently set at 10 per cent for 90 days but could ultimately rise to 20 per cent.
Paul Coulson offered $250m to walk away from Ardagh amid crunch debt talks
Residential construction slides by over 10% in first quarter of 2025 compared to previous year - CSO
Time off to care for children can leave women poorer in retirement. Here’s how to close the gap
Resilient economy gives reason for optimism despite Central Bank’s ‘extreme’ scenario
Conor Galvin is chief executive of Ornua and he joined me in studio to discuss the impact the 10 per cent tariff is currently having on Kerrygold sales in US retail.
Produced by John Casey with JJ Vernon on sound.
