Glanbia Says Tariffs Could Disrupt Dairy Prices, Growth Plans
The imposition of trade tariffs around the world could cause some disruption to dairy prices and affect growth objectives Irish nutrition company Glanbia laid out in May, its finance director has explained.
Glanbia, a supplier of protein supplements for gym goers, wants to boost revenues by over a third to €5 billion by 2022 and target average earnings per share (EPS) growth of 5-10% on a constant currency basis through that period.
It reiterated its guidance for 5 to 8% EPS expansion this year, in its first half results statement yesterday, after a 7% dip in the first half came in line with expectations, with currency fluctuations playing a significant part in its performance.
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