Report
Fatma Agnès Hamdani

Glanbia : L’amélioration du momentum pour GPN se confirme. Surperformance conservée avec OC relevé à 15 €

>L’amélioration des fondamentaux se poursuit : CA T1 en hausse de 9.7% lfl - Glanbia a publié hier ses indicateurs d’activité pour le T1. La croissance organique ressort élevée à +9.7%, portée par un effet volume de 11.5% alors que l’effet prix est en recul de 1.8% en lien avec l’évolution des cours des produits fromagers pour la division US Cheese (CA +6.5% dont -6.9% d’effet prix). Les deux activités de Nutrition Sportive (GPN) et Ingrédients (NS) affichent une croi...
Underlying
Glanbia Plc

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fatma Agnès Hamdani

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