Glanbia : Confident on the outlook over and above the inflationary context
>Continuing the adaptation and offsetting plan to address cost inflation - Glanbia yesterday evening organised a sell-side dinner in London. Key points to note from the discussions with top management: Continued whey price inflation (+50%e y-o-y) which is being further underpinned by strong demand. This inflation is set to ease, according to the group, in 2023 but prices are likely to remain at levels above those of the pre-Covid period. Against this backdrop, Gl...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.
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