We need your help now
Support from readers like you keeps The Journal open.
You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.
If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.
Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
By continuing, you are indicating that you accept our Terms of Service and Privacy Policy.
THE TOTAL GROUP revenue for the global nutritional solutions and cheese group Glanbia grew by 4.8 per cent to €2.88 billion last year, exceeding expectations.
The group’s recorded earnings before interest, tax and amortisation was up by 9.4 per cent to €213 million.
Adjusted earnings per share grew 14.2 per cent on a constant currency basis, ahead of expectations.
The company put the strong performance down to its global nutritionals division where they say “like for like revenue grew 20 per cent reflecting positive markets and strong operational performances in each business unit”.
They restructured their Irish dairy processing business last year from a wholly owned operation to an associate, this saw the society’s ownership of the plc reduce to 41.3 per cent and the composition of the board will evolve on a phased basis from 2016.
John Moloney, Glanbia Group Managing Director, said they are hopeful but cautious about growth in 2013 given the global environment:
We expect adjusted earnings per share growth, on a constant currency basis, of between 8 per cent and 10 per cent for the full
year from a base of 51.02 cents.The Irish dairy processing transaction facilitates a concentrated focus on our international growth and the longer-term prospects for Glanbia are very positive. We are in a stronger position than ever to drive the business forward and capitalise on our competitive advantage in both business-to-business and business-to-consumer nutritional products and solutions.
To embed this post, copy the code below on your site
One can’t put it any simpler than that. Support local shops.
Have 2 bars and one has opened and closed 3 times this year, the other, opened for 10 days since the virus hit. Some pain in the hole it is restocking the bar and getting opened and then having to shut again not long after. Very much looking forward to the summer though if the vaccine finally reaches the masses, people will appreciate going out for drink so much more!
The Glimmer of light, is the train at the end of thw tunnel, decisions bring taken by those that are paid exorbitant wages, no pup for them
Doubtful….
And pigs might fly.
have your say