Glanbia : Momentum remains favourable despite price inflation
>Confident on reaching a margin rate of 12% for GPN in Q4 - Organic growth of 14.1% at GPN reflects a price effect of 13.6% and resilient volumes at +0.5%. The sports nutrition and healthy lifestyle businesses were up respectively 23% and 28% cc in a context of very dynamic consumption, in particular in the US. Glanbia is gaining market share with its ON brand, thanks notably to innovation (in the RTD, plant-based and energy/hydration segments). Conversely, the SlimFa...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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