Siobhán Talbot, Group managing director
Glanbia today announced its results for the six months of 2015 with Group revenue for the half year at €1.9bn and adjusted earnings per share of 40.60 cent.
Commenting today, Siobhán Talbot, Group managing director said: “Glanbia delivered a good performance in the first six months of 2015 driven by a strong result from Global Performance Nutrition. Total Group revenue for the half year was €1.9bn with adjusted earnings per share of 40.60 cent. Today we are reiterating full year guidance of adjusted earnings per share growth of between 9% and 11%, on a constant currency basis. Given the strength of the US dollar, this is likely to translate to reported adjusted earnings per share growth of circa 25% for the full year if foreign exchange rates remain at current levels.”
The global nutrition Group also reported good results from Dairy Ireland with EBITA of €17.5m, and joint Ventures & Associates performed in line with expectations in the first half.
“Today’s results demonstrate that our strategy is on track,” Talbot said. “As a global nutrition company, whose purpose is ‘delivering better nutrition for every step of life’s journey’, we are focused on the development of a branded and ingredient product portfolio to serve the growing consumer demand for nutritional products in formats suitable for healthy and active lifestyles. This has provided some insulation from the challenges of volatile global dairy markets.”