Glanbia : Confident about the outlook for GPN
>EBITA margin in GPN seen reaching the double digits in 2021 - Profitability in the GPN division recovered as expected in H2 2020, with the margin expanding from 3.7% in H1 to 11.8% in H2. Activity was boosted in H2 by: 1/ improved operating leverage combined with price hikes on certain products in the USA and international markets, 2/ cost savings generated by the transformation plan introduced. 2020 US Performance branded sales fell by -9% like-for-like owing to a s...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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