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 four segments:
Glanbia delivered a strong performance in 2015. Total Group revenue including the Group’s share of Joint Ventures & Associates was €3,667.4 million (2014 €3,522.3 million), down 7.4% constant currency (up 4.1% reported). Total Group EBITA was €310.7 million (2014 €245.0), up 9.0% constant currency (up 26.8 % reported). Total Group EBITA margin was 8.5% (2014 7.0%), up 130 basis points constant currency (up 150 basis points reported). Adjusted earnings per share was 79.14 cents (2014 61.16 cents), up 10.6% constant currency (up 29.4% reported).
The Group expects to achieve an 8% to 10% increase in adjusted earnings per share in 2016, constant currency. Glanbia Performance Nutrition is expected to be the main driver of Group performance as it continues to drive branded revenue growth from increased channel penetration and innovation. Glanbia Nutritionals is expected to grow earnings as a result of improved product mix following capital investment in 2015 and continued development of higher value nutritional systems business with customers. Dairy Ireland and Joint Ventures & Associates are expected to be broadly in line with 2015 performance. The outlook is impacted by expectations of future global dairy markets which are currently fragile and Glanbia is expecting dairy markets to remain challenging in 2016.