Glanbia wants ‘long Brexit transition’
Group managing director Siobhán Talbot was speaking at the company’s AGM when she said the current climate was causing uncertainty not just for Glanbia but their trading partners. “Like all businesses we could do without the uncertainty. While the UK only accounts for approximately 4% of Glanbia’s revenue it has the potential to significantly impact the Irish industry and our suppliers in Ireland. What we hope for in the process is as close to the status quo as possible in terms of trading and if that’s not possible our policymakers should seek as long a transition period as possible,” she said.
The AGM coincided with the company’s first-quarter results and Glanbia said total group revenue, including its share of joint ventures and associates, rose 9.6% in the first quarter of the year. Outlook for the remainder of 2017 is positive.
