Glanbia : The good momentum continues for GPN despite the SlimFast sales decline
>The increase in GPN’s margin guidance is due to the drop in raw material prices and a positive trend expected in the product mix - The increase in the guidance for FY EPS growth to 12-15% is due mainly to better profitability expected for GPN. The group forecasts a margin at 13.5-14.5% (vs 12.5-13% previously). This margin upgrade, which accounts for a rise in marketing costs this year, is due to: 1/ a fall in raw materials costs (whey), and; 2/ a better trend expect...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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