Subscribe Login

Glanbia Reports Sixth Consecutive Year Of Double-Digit Growth

By Publications Checkout
Share this article

Glanbia has reported its sixth consecutive year of double-digit earnings growth, with a 10.6% increase in its adjusted earnings per share on a constant-currency basis for the year ending 2 January 2016.

The global dairy and nutrition group’s earnings before interest, tax and amortisation (EBITA) for the year stood at €310.7 million, an increase of up to 9% on the previous year.

Glanbia’s strongest performing division was Performance Nutrition, which makes speciality health and fitness products like protein powder, which grew its EBITA by 28.3% on a constant-currency basis to €135.6 million.

Meanwhile, its Global Ingredients arm reported a decrease in earnings to €106.6 million. Dairy Ireland saw its EBITA rise to €28.8 million, however, due to a 4.5% recovery in its margins.

Glanbia Group managing director Siobhán Talbot commented, "The results demonstrate the resilience and diversification of the Glanbia model during a difficult year for dairy markets."


She added, "Glanbia takes pure and clean ingredients including milk, whey and grains, and using our expertise, we produce high-quality nutritional ingredients and branded products for consumers worldwide.

"Our unique portfolio of performance-nutrition brands and nutritional ingredients are right at the heart of emerging growth opportunities."

Glanbia is recommending a final dividend of 7.22 cent per share, bringing the total dividend for the year ending 2 January to 12.10 cent per share, an increase of 10%.

Pictured are Siobhán Talbot, group managing director, Glanbia plc, and Mark Garvey, group finance director, Glanbia plc.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Jenny Whelan. To subscribe to ESM: The European Supermarket Magazineclick here.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.