Company Watch

Glanbia share value follows upward trajectory of product prices

The Irish performance nutrition and ingredients group has begun to pass on food cost inflation to customers

Siobhán Talbot, group managing director of Glanbia: ‘We’ve taken a cautious approach to passing on price increases so far’. Picture: Dylan Vaughan

Shares in Glanbia plc, the performance nutrition and ingredients group, have risen almost 10 per cent this week after the company upgraded its full-year earnings guidance for 2022 and prepares to raise prices further.

Siobhán Talbot, the group managing director of the Kilkenny-headquartered company, said inflation had eroded margins in the first half of 2022 but that she expected to pass on more price increases to customers in the final months of this year.

“Inflation really has been the theme of the last year. We saw it coming at us since Q4 last year and we’ve been managing that challenge,” she told the Business Post.