Glanbia reports sixth consecutive year of double digit growth in 2015
Good news continues for Glanbia Plc. The global nutrition group posted strong financial results in its Fiscal Year 2015 report, with a 10.6 percent rise in adjusted earnings per share and EBITA of €271.0 million for the business as a whole (a 10.5 percent constant currency increase). This puts the company in a strong position for even further growth ahead in 2016.
“I am pleased to announce the sixth consecutive year of double digit growth for Glanbia in 2015,” said Group Managing Director Siobhán Talbot in a statement from Glanbia. “On a reported basis, earnings per share grew by 29.4 percent reflecting the translation effect of a strong US dollar. The results demonstrate the resilience and diversification of the Glanbia model during a difficult year for dairy markets. Glanbia Performance Nutrition was the main driver of earnings growth supported by Dairy Ireland which saw a recovery in performance in 2015. The outlook for 2016 is positive and we are guiding 8 to 10 percent growth in adjusted earnings per share, constant currency.”
The Global Ingredients division stayed afloat through a difficult market, while the Glanbia Performance Nutrition division had a particularly good showing with EBITA of €135.6 million at a 28.3 percent constant currency increase. According to the company, this increase can be attributed to Glanbia staying attuned to current global consumer trends in health and nutrition.
“Glanbia’s strategy is to respond to the global megatrends of nutrition as consumers focus on active, healthy lifestyles, seek protein and exert a powerful focus on where their food comes from,” added Talbot. “In responding to these trends, 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.”