Glanbia : Resilient sales in Q1 despite price increases. EPS guidance raised amid an improved business outlook
>Strong organic growth in Q1 of 23.9%, driven by price effects - Glanbia has released its Q1 management statement: group organic growth came to +23.9%, driven by a strong price effect of 17%. This growth was underpinned by growth of 14.7% at GPN and of 28.2% at Glanbia Nutrition, including +19% for NS (ingredients) and +32.4% for US Cheese. Despite this price inflation, volumes rose by 6.9% thanks to resilient demand in the US Cheese division (+11.7%) and the ingredie...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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