Glanbia reiterates its full year earnings guidance

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 22 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 61%

News News

Global nutrition group Glanbia has reiterated its guidance for growth in earnings per share of 5-8% for 2024.

In an interim management trading statement ahead of its AGM in Kilkenny today, Glanbia said its first quarter performance had been in line with expectations.

Revenue declined by 8.8% in the Glanbia Nutritionals division, which was driven by a 1.7% increase in volume, a 10.2% decrease in price, and a decrease of 0.3% driven by the net impact of acquisitions and disposals. Glanbia completed its acquisition of US firm Flavor Producers for an initial consideration of $300m, with an additional potential deferred payment of up to $55m conditional on performance, in April.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global IPO Market Shows Mixed Results in Q1 2024The global IPO market began the year with a decline in volume but an increase in value in the first quarter of 2024. Despite a 7% reduction in volume, the proceeds rose by 7% compared to the previous year. The Americas and EMEIA IPO markets performed well, while the Asia-Pacific region had a weaker start.
Source: RTEbusiness - 🏆 16. / 61 Read more »