Glanbia announces restructure after seeing 6% revenue growth [Video]

Glanbia has reported a 6% increase in group revenue for the first nine months of 2024 and reiterated its full year guidance of 5-8% growing adjusted earnings per share.

Overall, the nutrition group has increased sales volumes by 2.6% while prices have been reduced 1.1% this year to date.

Like-for-like sales rose 1.5%, and the group has seen a 2.7% boost from a 53rd week and a further 1.8% increase from acquisitions versus last year.

The group announced that it is planning to separate its Glanbia Nutritionals division into two segments, health & nutrition and dairy nutrition.

The health & nutrition segment will incorporate premix solutions and flavour platforms while the dairy nutrition division will focus on cheese and dairy ingredients.

It will comprise the portfolios of protein solutions and US Cheese and will act as a commercial partner for the group’s joint venture MWC-Southwest Holdings LLC. 

The new structure is designed to …