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Currency Fluctuations Hit Dairy Firm Glanbia In First Half

Published on Aug 9 2018 9:58 AM in A-Brands tagged: Trending Posts / Ireland / Glanbia / Currency / Siobhan Talbot / Paywall

Currency Fluctuations Hit Dairy Firm Glanbia In First Half

Irish dairy firm Glanbia has posted revenues of €1.12 billion for the first half of its financial year, however the business has been hit by currency fluctuations at its core businesses.

Total group revenue was up 3.6% at constant currency levels, however it fell 6.2% in reported terms.

Its Glanbia Performance Nutrition arm posted revenue growth of 4.9% at constant currency levels, however it was down 4.4% in reported terms, while its Glanbia Nutritionals division was up 2.4% at constant currency levels, but posted a reported revenue decline of 7.8%.

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