Glanbia: “strategy is on track”

20 Aug 2015

Glanbia has announced its results for the six months ended 4 July 2015. “Glanbia delivered a good performance in the first six months of 2015 driven by a strong result from Global Performance Nutrition,” said Siobhán Talbot, Group Managing Director. “Total Group revenue for the half year was €1.9 billion with adjusted earnings per share […]

Glanbia: “strategy is on track”

dairy-products-various-including-cheese-butter-cream-milk-34576721Glanbia has announced its results for the six months ended 4 July 2015.

“Glanbia delivered a good performance in the first six months of 2015 driven by a strong result from Global Performance Nutrition,” said Siobhán Talbot, Group Managing Director. “Total Group revenue for the half year was €1.9 billion with adjusted earnings per share of 40.60 cent. Today we are reiterating full year guidance of adjusted earnings per share growth of between 9% and 11%, on a constant currency basis. Given the strength of the US dollar this is likely to translate to reported adjusted earnings per share growth of circa 25% for the full year if foreign exchange rates remain at current levels.”

“Today’s results demonstrate that our strategy is on track. As a global nutrition company, whose purpose is ‘delivering better nutrition for every step of life’s journey’, we are focused on the development of a branded and ingredient product portfolio to serve the growing consumer demand for nutritional products in formats suitable for healthy and active lifestyles. This has provided some insulation from the challenges of volatile global dairy markets.”