News

Glanbia has 'good first half momentum' after reporting financial results for first half of 2022

Aug 17, 2022 10:08 By News Northern Sound
Glanbia has 'good first half momentum' after reporting financial results for first half of 2022 Glanbia has 'good first half momentum' after reporting financial results for first half of 2022
Glanbia Group Managing Director Siobhán Talbot.
Share this article

Group Managing Director Siobhán Talbot says the report has "exceeded our plans".

Global nutrition company Glanbia says it has "good first half momentum", after it published its financial results for the first half of this year.

Glanbia, which has a base in Virginia, County Cavan, issued its annual report for 2022 this morning. has upgraded its full year outlook from 9 to 13% growth as a result.

Half year highlights include group revenues of €2.8 billion.

Advertisement

Group Managing Director Siobhán Talbot says the report has "exceeded our plans" and demonstrates the impact of actions taken in response to "unprecedented inflation".

She added that Glanbia will continue to monitor inflationary trends but is confident that further pricing action and operational efficiencies will deliver improving margins and growth.

Ms Talbot explains the company's response to inflation:

Advertisement

Share this article
Advertisement
Advertisement

NorthernSound Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.