Glanbia : What can we expect from 2020 results?
>2020 sales expected to be down 2.1%, of which an estimated -0.7% organic - Glanbia is due to publish its full-year results on 24 February, before market open. We have edged down our forecast after updating of our forex impact, now expected at -1.7% on 2020 sales. We therefore expect sales to come in close to the consensus, at € 3,794m down 2.1% on a reported basis and -0.7% organic vs -0.6% for 9M 2020 and +1.5% for H1. Sales should have slowed in H2 with the tighten...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.
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