Glanbia : 2024 likely to be volumes-driven
>Sharp rise in volumes at GPN in Q4, underpinned by A&P investments - Organic growth for of 4.8% for GPN was fuelled by a price effect of 5.4%. Volumes were down slightly (-0.6%), resulting in a 17.2%e volume recovery in Q4, underpinned by marketing investment and promotions linked to protein products. Prices fell by 5.9% in Q4. The ON brand (62% of sales) grew by 17%, including +10.6% in volume, as USA consumption remained buoyant (+14%). The SlimFast brand (9% of sa...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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