Acquisitions likely for Glanbia after good results

Glanbia will continue to seek acquisition opportunities in the coming year, particularly around its global nutrition business as that key segment becomes increasingly central to its growth.

The Irish ingredients and dairy company will continue to monitor available growth opportunities as they present themselves in the market, group managing director, Siobhán Talbot said as the firm released strong full-year results yesterday.

Group revenue grew 7.3% to €3.52bn while earnings rose more than 8% to €245m. Profit for the year climbed to €161.2m with adjusted earnings per share rising 10.1% — an increase which represents the fifth consecutive year of double digit growth for the company.