Glanbia : Confirmation of continued momentum in H1 2021. Full-year guidance could be raised
>GPN takes advantage of the marked upturn in consumption in the US - The GPN division should report robust organic growth in H1 (+15.8% est.). We understand from recent contact with the company that business is benefiting from the upturn in consumption in the US and the rebuilding of stocks in the physical network. Business was brisk in the UK in H1 and has picked up gradually in Europe with the easing of health measures. The ingredients division (H1 sales +8.6%e) co...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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