Glanbia sees operating profit grow 18% as revenue reaches €2.7bn
The group’s Global Nutritionals division enjoyed sales growth in the US, as did newly acquired health and nutrition company BSN, which has been integrated into fellow US-based group member Performance Nutrition.
Dairy Ireland revenue rose almost 19% to €1.35bn, with profits up 23% to €53.6m. Volumes and prices in the ingredients business rose, but margins declined in the consumer products business, despite an increase in revenue.
