Report
Fatma Agnès Hamdani

Glanbia : Continued momentum on the emblematic ON brand. Whey prices should remain volatile in 2025

>SlimFast and difficulties in in speciality channel weigh on GPN's H1 sales - The 0.8% fall in GPN sales was underpinned by 3.3% growth in the international zone, while the Americas region was down 3%. Despite a high base effect, the ON brand remained very dynamic (+7.7%, of which 11.8% in volume), supported by marketing investments. The brand gained market share and new points of sale. SlimFast (7% of sales) continues to weigh on sales (-34%), as do the difficulties ...
Underlying
Glanbia Plc

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fatma Agnès Hamdani

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