Glanbia, led by managing director Siobhán Talbot, has forecast that it will post average annual earnings per share growth of 5 to 10 per cent over the next three years. Photograph: Naoise CulhaneGlanbia said on Wednesday it expects to post average annual earnings per share growth of 5 to 10 per cent over the next three years, even as the nutrition group’s SlimFast brand is grappling with flagging sales.
Davy analysts, including Cathal Kenny, said in a note to clients that the midpoint of the forecast points to 24 per cent cumulative EPS growth over the period. Over the past decade, the company has delivered a 6.5 per cent compound annual EPS growth, they noted. The Kilkenny-based group, led by managing director Siobhán Talbot, sees annual revenue growth of 5 to 7 per cent in its key Glanbia Performance Nutrition unit, which sells protein powders and shakes to gym-goers and dieters, between 2023 and 2025. That forecast excludes the effect of any currency movements over the period.
It sees the GPN unit’s earnings before interest, tax and amortisation margin coming in at over 12 per cent over the three years.