Group overview

Our Business Group Overview

Glanbia plc is a global nutrition group, grounded in nature and science, dedicated to providing better nutrition for every step of life’s journey.

Today’s consumers are increasingly aware of the importance of nutrition in improving their overall health and wellbeing. They are searching for better, healthier and smarter nutritional solutions that fit their lifestyles.

Glanbia takes pure and clean ingredients including milk, whey and grains, and using our expert knowledge and capabilities we produce high-quality nutritional ingredients and branded consumer products for our customers and consumers worldwide.

We employ over 6,000 people across 32 countries and our products are sold or distributed in over 130 countries with an annual turnover of €3.6 billion. Our major production facilities are located in Ireland, the US, the UK, Germany and China.

We have three segments:

Performance 2017

Glanbia delivered a good performance in the first half of 2017. As a result of the sale of 60% of Dairy Ireland and related assets subsequent to the period end, the results of Dairy Ireland and related assets have been classified as discontinued operations for these first half results, with prior year comparatives amended accordingly. Wholly owned revenue from continuing operations was €1,185.7 million, an increase of 10% reported (up 7.3% constant currency). The drivers of wholly owned continuing operations revenue growth on a constant currency basis were a 3.1% increase in price, a 1.3% volume improvement and a 2.9% contribution from acquisitions. Wholly owned EBITA from continuing operations was €148.3 million, up 6.6% reported (up 3.5% constant currency). Wholly owned EBITA margins from continuing operations were 12.5%, down 40 basis points reported (down 50bps constant currency). Total profit for the period was €114.9 million, up 4.6% on a reported basis compared to prior year.

2017 Outlook

Glanbia reiterates its full year 2017 guidance of 7% to 10% growth in pro-forma Adjusted Earnings Per Share from continuing operations, constant currency. If the average Euro US dollar exchange rate remains at similar levels to the average over the past month for the remainder of 2017, Glanbia expects the FY 2017 reported pro-forma Adjusted Earnings Per Share growth from continuing operations to be marginally lower than the constant currency result.

© Glanbia plc 2017. All rights reserved

© Glanbia plc 2017. All rights reserved