Glanbia reports ‘disappointing’ drop in underlying earnings
Performance nutrition division including SlimFast and Optimum Nutrition to be restructured, says chief executive
Glanbia has reported a drop of almost 8 per cent in underlying earnings following significant challenges in its sports supplements and healthy snacks business.
Siobhán Talbot, the Kilkenny-based group’s chief executive, said the Glanbia Performance Nutrition (GPN) unit would be restructured after group-wide earnings before interest, tax and amortisation (ebitda) fell to €276.8 million last year.
“It was disappointing that earnings were impacted by challenges in the Glanbia Performance Nutrition segment, and...
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