Glanbia : Reassuring message on profitability outlook for GPN and NS
>Expected cooling of input prices to support GPN profitability in H2 2023 - Sales growth at Glanbia Performance Nutrition (GPN) of 13.9% in 2022 reflects a particularly strong performance for the flagship brand Optimum Nutrition (ON), with sales (56% of GPN sales) up 24% by value and 5% by volume. The brand also fared well in the US (consumption up 31%) and in international markets. SlimFast (15% of GPN sales) posted a decline of 16%, hurt by slower sales for its Keto...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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