Glanbia : 2022 results set to be largely unsurprising. Focus on outlook for 2023
>Glanbia Performance Nutrition (GPN): volumes set to be down slightly in Q4 - The sports nutrition and performance business GPN is expected to continue to benefit from price improvements in Q4. Price elasticity is likely to remain fairly contained with volumes down by a slight -3% vs -2% over 9 months, including close to -8% by our estimates in Q3. The volume decline can mainly be attributed to Slimfast whose category has been under pressure since the Covid period. Ot...Glanbia is a performance nutrition and ingredients group, engaged in providing performance nutrition, cheese, dairy ingredients, specialty non-dairy ingredients and vitamin and mineral premixes. Co. segments include: Global Performance Nutrition, which is involved in the branded performance nutrition business; Global Ingredients, which manufactures cheddar cheese, provides dairy and non-dairy nutritional ingredients and micro-nutrient premixes; Dairy Ireland, which is engaged in the manufacture and sale of a range of consumer products and farm inputs; and Joint Ventures & Associates, which is engaged in the manufacture and sale of cheese, dairy ingredients and dairy consumer products.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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