‘Our strategy remains on track’ – Glanbia chief confirms 8.4% revenue rise

GLANBIA chief Siobhan Talbot said the company’s strategy “remains on track” as the Kilkenny-based food giant reported an impressive 8.4% rise in revenue for the first three months of the year.

Ms Talbot, who hails from Kilmoganny, delivered the good news to shareholders at Glanbia’s AGM this week.

She said: “Our strategy remains on track and we reiterate our full year guidance of 5pc to 8pc growth in adjusted earnings per share, constant currency, in 2019, with growth to be delivered in the second half of the year.”

Glanbia Nutritionals was the main driver of revenue growth, with a strong performance in particular from the Nutritional Solutions business. Revenue growth from Glanbia Performance Nutrition in the first quarter of 2019 was driven by a “strong” performance from the recently acquired SlimFast brand.