Glanbia Reveals Five-Year Strategy To Increase Group Revenues
Irish based nutrition group Glanbia plc has announced that it plans to increase its total group revenues by 38.8% by 2022, at a Capital Markets Day the group hosted in Illinois, USA.
The group revealed its plan to increase earnings to €5 billion over the next five years, as well as put in place measures to increase its adjusted earnings per share from 5%-10%.
Ambition To Grow
Speaking in advance of the event, Siobhán Talbot, Group Managing Director of Glanbia said, “I’m very pleased to host our 2018 Capital Markets Day at our Innovation Centre in Downers Grove, Illinois.
“Over the course of the event, my colleagues and I will outline our ambition to grow total group revenue from €3.6 billion, pro forma, in 2017 to over €5.0 billion by 2022.”
Glanbia said that its Glanbia Performance Nutrition, Glanbia Nutritionals and Strategic Joint Ventures divisions have positioned it in a position with great opportunities to deliver long-term sustainable growth.
Talbot added, “Glanbia is today a focused Group with market-leading platforms in performance nutrition, value-added nutritional solutions and dairy ingredients. We are well positioned to capture growth from global consumer nutrition trends related to health & wellness, active lifestyles and clean ingredients.”
Glanbia recently posted a first-quarter growth of 4.7% in wholly-owned revenue for full-year 2018.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Aidan O'Sullivan. Click subscribe to sign up to ESM: European Supermarket Magazine.