'Disappointing first half' of year forces Glanbia to revise 2019 outlook downwards

Glanbia has published its financial results which have signalled a 'disappointing first half' of the year.

'Disappointing first half' of year forces Glanbia to revise 2019 outlook downwards

Glanbia has published its financial results which have signalled a 'disappointing first half' of the year.

Its results for the first six months of the year up to June 29, 2019, show that wholly-owned revenues went up by 12% to €1,758.4m on a constant currency basis while earnings before interest, taxes, depreciation, and amortisation (EBITA) fell 30.2%.

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