Glanbia : 2023 earnings expected to hold no major surprises with a positive trend in profitability
>Glanbia Performance Nutrition: organic sales growth expected to reach 5%, driven by price effects. Volume recovery forecast for Q4 - The Q4 volumes for GPN should recover, underpinned by the marketing investments and promotional offers on some ranges, notably in the US (Black Friday, Amazon Prime Day). However, the SlimFast brand (10% of GPN’s sales) should remain down in Q4, still penalised by a tough slimming market and a reduction in collections on US retailers’ ...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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