Food group ‘on the up’ after ‘dream start’ and strong figures

There is a stockbrokers consensus that Glanbia is on the up, following a strong set of figuresreported despite of the weak economic climate.

Davy’s analyst John O’Reilly said that the company had got a dream start to the first year of the restructured group.

“Glanbia could not have begun its strategic transformation in better style with stronger-than-expected growth in financial year 2012 and a positive growth expectation for the current year and thereafter,” he said.