Glanbia reiterates its full year earnings guidance

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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.

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