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Glanbia reports revenue increases as inflation forces price rises

May 5, 2022 17:05 By News Northern Sound
Glanbia reports revenue increases as inflation forces price rises Glanbia reports revenue increases as inflation forces price rises
Glanbia's facility in Virginia. (Photo: Google Maps)
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On the back of the Q1 report, Glanbia expects to deliver between 5 and 10 per cent growth for the full year.

Glanbia has reported a 33 per cent increase in revenue since the start of the year.

In a trading statement for the first quarter of 2022, the company said this was due to good demand across its brands.

It raised prices by 17 per cent for the same period in what was called "significant mitigating" actions to deal with inflation.

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On the back of the Q1 report, Glanbia expects to deliver between 5 and 10 per cent growth for the full year.

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