Glanbia Sees EBITA Down By A Quarter In First Half Following Mixed Performance
Glanbia has seen wholly-owned EBITDA for the first half of the year decline by 25.4% at constant currency levels, as the business saw a contrasting performance across its two main divisions.
Commenting on the group's performance, analysts Davy Stockbrokers said that Glanbia's EBTIA performance was around 5% behind its forecast for the period.
Half-year revenues rose 2.3% at the business, to €1.8 billion (up from €1.76 billion a year earlier), with its Glanbia Performance Nutrition (GPN) business taking a significant hit due to the impact of the coronavirus crisis.
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