Glanbia : The recovery in fundamentals at GPN looks to be on track despite short-term disruption to profitability
>Significant recovery in sales at GPN at the start of this year after Q4 penalised by stockpiling - GPN’s 2021 sales were up 15.9% organic of which +18.3% for brand sales. Sales grew +13.7% in Americas and +29.6% internationally, including online sales. The ON brand (>50% of GPN sales) posted a strong performance with sales growth of 35% and market share gains on its main markets (the US, UK, India, China and Australia). However, sales for Slimfast fell 0.6% in 2021 w...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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