Glanbia : Confident about the outlook despite inflationary conditions
>9M sales +14.8% l-f-l, of which 22.4% for GPN - Glanbia yesterday reported its business indicators for the first nine months of 2021. Organic revenue growth came to +14.8%, of which a 18.2% volume effect. The 3.4% decrease in prices fully reflects the decline in US Cheese prices (-10.1%) in keeping with market pricing trends in the cheese industry. Overall, business remained solid in Q3 (+5%e) following a 19.4% jump in H1 with less flattering base effects in Q3. GPN ...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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