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Glanbia ups full year earnings guidance, names new chair

Shares in nutrition supplement maker Glanbia jumped over 14% in Dublin today after it increased its full-year earnings outlook and said it was overcoming challenges that pushed its shares to a two-year low in February.

Business • 13 Aug

Glanbia shares jump after 'better than feared' Q1

Shares in nutrition supplement maker Glanbia jumped over 12% today after analysts pointed to a "better than feared" first quarter performance that allowed the Irish group to maintain its full year earnings guidance.

Business • 30 Apr

Glanbia bought SlimFast for $350m in 2018, but sales of its products have dropped since 2022

Glanbia to sell SlimFast as part of cost-cutting drive

Shares in global nutrition group Glanbia sank by over 20% today after it warned that it expects earnings to fall by up to 11% this year, hit by a longer than expected rise in the cost of whey, a key raw material.

Business • 26 Feb

Glanbia said its nine month group performance was in line with expectations as group revenue rose by 6%

Glanbia set to restructure nutritionals business

Global nutrition group Glanbia has today reiterated its full year earnings per share guidance and announced plans to restructure its nutritionals business.

Business • 06 Nov 24

Tirlán's Chief Executive Seán Molloy and Chairperson John Murphy

Tirlán to spin-out €239m of Glanbia shares to members

Co-op Tirlán is proposing to spin-out around 15 million shares in Glanbia plc worth €239m to its members.

Business • 02 Sep 24

Glanbia reports lower revenue and profits for first half

Glanbia has reported lower revenue and profits for the first half of the year.

Business • 14 Aug 24

Glanbia reiterates its full year earnings guidance

Global nutrition group Glanbia has reiterated its guidance for growth in earnings per share of 5-8% for 2024.

Business • 01 May 24

Hugh McGuire, the chief executive of Glanbia

Glanbia buys US-based Flavor Producers

Global nutrition group Glanbia has agreed a deal to buy US company Flavor Producers for an initial consideration of $300m from its owners Aroma Holding Company.

Business • 15 Apr 24

Siobhan Talbot, the former group managing director of Glanbia

Former Glanbia boss Siobhan Talbot to receive €1.14m

The former group managing director of Glanbia, Siobhan Talbot, who departed the company earlier this year, is to receive a payment of €1.14 million from Glanbia under non-compete covenants the company has in place.

Business • 13 Mar 24

Glanbia's 2023 after tax profits up 20%, revenues dip

Global nutrition group Glanbia has reported an 8.7% decline in group revenue to $5.425 billion for the 2023 financial year, down from $5.943 billion in 2022.

Business • 28 Feb 24

Siobhán Talbot, Glanbia's Group Managing Director, is upbeat on the company's full year results

Glanbia upgrades full year earnings guidance

Global nutrition group Glanbia has today upgraded its full year outlook for adjusted earnings per share after it reported good momentum during the third quarter.

Business • 01 Nov 23

Glanbia - Glanbia's incoming CEO Hugh McGuire and outgoing managing director Siobhán Talbot

Talbot to retire as Glanbia boss, McGuire named new CEO

Nutrition group Glanbia said today that Hugh McGuire will become its new chief executive officer, replacing Siobhán Talbot who will step down at the end of the year after 10 years in charge.

Business • 16 Aug 23

Siobhán Talbot, Glanbia's Group Managing Director

Glanbia ups full year guidance despite Q1 revenue dip

Global nutrition group Glanbia has today upgraded its full year guidance on the back of an improved outlook for margins in its Glanbia Performance Nutrition division in the second half of the year.

Business • 04 May 23

Glanbia shares jump on higher profits, cheese deal

Shares in global nutrition group Glanbia jumped after it said it would divest its cheese joint venture for over €160m as it moves to focus on its core business of sports nutrition and ingredients after reporting record annual earnings growth today.

Business • 01 Mar 23

Glanbia said that revenues for the nine months were up 23.1% on a constant currency basis

Glanbia's nine month revenues rise by 23%

Global nutrition group Glanbia has updated its full year guidance as it reported higher revenues for the nine months to October 1.

Business • 03 Nov 22

The international food and nutrition business made the announcement at an event in Kilkenny yesterday morning

Tirlán defends fada omission following criticism

Tirlán - the new name for Glanbia Co-op and Glanbia Ireland - has clarified the name change after criticism due to the absence of a fada on the 'i'.

Agribusiness • 01 Sep 22

Glanbia Ireland and Glanbia Co-Op rebrand as Tirlán

Glanbia Ireland and Glanbia Co-op will in future be known as Tirlán.

Business • 31 Aug 22

Siobhán Talbot, Group Managing Director of Glanbia

Glanbia reports higher revenues, raises outlook

Global nutrition group Glanbia has reported higher revenue for the six-month period to the end of July, and has raised its guidance for growth in the full year.

Business • 17 Aug 22

Glanbia's Group Managing Director Siobhán Talbot

Glanbia raises full year guidance on strong demand

Global nutrition group Glanbia said it raised prices by 17% in the first quarter as it took what it called "significant mitigating" actions to deal with inflation.

Business • 05 May 22

Glanbia co-op is best-known to shoppers for products including Avonmore milk, Kilmeaden and GAIN Animal Nutrition

Competition Commission clears Glanbia Ireland deal

The proposed acquisition by Glanbia Co-operative Society of Glanbia Ireland has been cleared by the Competition and Consumer Protection Commission.

Business • 28 Mar 22

Glanbia's 2021 profits and revenues beat expectations

Global nutrition group Glanbia has reported better than expected profits and revenues for 2021 on the back of strong global consumer demand for its products.

Business • 03 Mar 22

John Murphy, Glanbia Co-op Chairman and Jim Bergin, Glanbia Co-op CEO, at the Glanbia Co-op virtual Special General Meeting in December

Glanbia Co-op completes funding arrangements for deal

Glanbia Co-operative Society has completed the placement of 5.75 million ordinary shares in Glanbia plc at a price of €12.25 per share.

Business • 20 Jan 22

Part of the Glanbia Group, Glanbia Nutritionals is a nutrition solutions and cheese business

Glanbia Nutritionals invests in new R&D facility

Glanbia Nutritionals is upgrading its Research and Development facility in Kilkenny and expects to open the new enhanced facility for operation in the third quarter of 2022.

Business • 16 Dec 21

Glanbia Ireland is the country's largest dairy processor

Glanbia signs deal to sell Glanbia Ireland stake

Glanbia has signed a legally binding agreement to sell its 40% stake in the country's largest dairy processor, Glanbia Ireland, to the Glanbia Co-operative Society.

Business • 08 Dec 21

Glanbia Co-op already holds the remaining 60% off the country's biggest dairy processor

Glanbia exits Irish dairy processing for nutrition

Glanbia has agreed to sell its 40% share in the country's largest dairy processor to concentrate on making nutritional ingredients for food producers and protein supplements for body builders.

Business • 10 Nov 21