Glanbia Completes Fifth Consecutive Year of Double Digit Growth

 Breaking News
  • Nestlé to Sell Skin Health Business For €9 Billion Nestlé has entered into exclusive negotiations with a consortium led by EQT and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for the sale of Nestlé Skin Health for a value of SFr10.2 billion (€9.0 billion). Nestlé Skin Health had net sales of SFr2.8 billion in 2018. The proposed transaction will be [...]...
  • Bakkavor Group Expands in UK Desserts Category Bakkavor Group, the leading provider of fresh prepared food in the UK, is acquiring Blueberry Foods, a desserts business owned by Samworth Brothers for an undisclosed price. Blueberry operates from a custom-built facility in Leicestershire with approximately 420 employees and produces a range of desserts for the UK’s leading grocery retailers. A capital investment of more [...]...
  • Waitrose Plans to Treble the Size of Online Operations Waitrose & Partners has announces plans to treble the size of its successful online grocery operation to a £1 billion business over the next three years, working in partnership with Today Development Partners (TDP) . The move with TDP, which is headed by Jonathan Faiman and Mo Gawdat, will accelerate the development of Waitrose.com through [...]...
  • Müller Revolutionises the UK’s Favourite Yogurt Brands Müller is set to revolutionise the UK yogurt category with new and improved recipes for the nation’s two favourite yogurt brands, Müllerlight and Müller Corner[1]. The dairy company has also revealed details of its biggest ever marketing campaign. As the business continues to strengthen its core brands, and inspire people to live healthier and happier lifestyles, [...]...
  • Guardians of Grub Crusade to Beat Food Waste A bold new industry campaign has been launched to tackle nearly £3 billion worth of food that is wasted every year across the entire UK hospitality and food service sector, of which 75% could have been eaten. The Guardians of Grub campaign was developed by WRAP as part of its ambitious work to cut food [...]...

Glanbia Completes Fifth Consecutive Year of Double Digit Growth

Glanbia Completes Fifth Consecutive Year of Double Digit Growth
February 26
16:07 2015

Glanbia, the global performance nutrition and ingredients group, delivered a strong performance in 2014 as it continues to develop its two major business groups – Global Performance Nutrition and Global Ingredients.

Total group revenue, including Glanbia’s share from Joint Ventures & Associates, was up 7.3% on a reported basis to €3.5 billion and by 6.9% at constant currency for the year ended 3 January 2015. Total group EBITA was €245.0 million, up 7.9% at constant currency and 8.1% reported. Total group EBITA margin was 7.0%, up 10 basis points with an 8.2% margin in the wholly owned businesses, up 30 basis points. Adjusted earnings per share was 61.16 cents, up 10.1% (10.3% reported).

Global Performance Nutrition delivered a strong performance in 2014. Revenues increased 13.5% to €746.2 million reflecting volume growth of 7.4%, impact of acquisitions of 5.0% and net pricing of 1.1%. EBITA increased 26.0% in the period and EBITA margins increased 120 basis points to 12.0%. The improvement in margins reflected operating leverage and improved manufacturing efficiencies associated with a new production facility in the US, partially offset by continued investment in expanding the business. The acquisition of Nutramino and Isopure for a total cost of €149 million during the year further consolidated Glanbia’s position as the global leader in performance nutrition. Nutramino is a leading Scandinavian sports nutrition business with operations in Denmark, Sweden and Norway, and Isopure is a US-based provider of premium branded sports nutrition products.

Global Ingredients delivered a satisfactory performance in 2014 in the context of challenging dairy markets which impacted milk procurement and whey pricing dynamics. Revenues increased 9.3% to €1.18 billion reflecting market related price increases of 10.9% which were partially offset by a volume decline of 1.6%. EBITA decreased 1.4% arising from a decline in margins in the US Cheese and Ingredient Technologies business units.

GlanbiaLogoGlanbia’s total investment in capital expenditure was €116 million in 2014, of which €73 million was strategic investment reflecting an ongoing focus on the organic growth potential of the business. The key projects undertaken in 2014 include the commissioning of a new production facility in Global Performance Nutrition in the US, and significant investment in high end whey processing (also in the US) in Global Ingredients.

Siobhán Talbot, group managing director of Glanbia, says: “I am pleased to announce the fifth consecutive year of double digit growth for Glanbia in 2014 with a 10.1% increase in adjusted earnings per share, constant currency. Our focus on two scale growth platforms, Global Performance Nutrition and Global Ingredients, continues to drive earnings as we leverage our market leadership and sector expertise. In Performance Nutrition our investment in brand growth, innovation and acquisitions drove a strong performance. Our Global Ingredients business delivered a satisfactory overall performance in the context of challenging dairy market dynamics in 2014.”

She continues: “The outlook for 2015 is positive and we are guiding 9% to 11% growth in adjusted earnings per share, constant currency. We continue to successfully execute our growth strategy and this positions Glanbia well for the delivery of our objectives from 2015 to 2018.”

The outlook for Global Performance Nutrition is positive and Glanbia will continue to invest in this business to ensure it remains in a leading position in key markets and channels. Glanbia is expecting growth in Global Ingredients in 2015 with an improvement in dairy market dynamics and solid underlying demand across key sectors.


Siobhán Talbot, group managing director of Glanbia, with group finance director Mark Garvey.

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
  • June 25, 2019BevExpo 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here