Glanbia says it is well-positioned for the future despite earnings decline

Siobhan Talbot, Managing Director of Glanbia: 'Confident that Glanbia has the portfolio, the consumer insight and the operational expertise to succeed in this new environment.' Picture: Dylan Vaughan.

Irish nutrition group Glanbia said it delivered a resilient operating performance but recorded a sharp decline in earnings due to the impact of Covid-19.

Earnings for the first half of the year before interest, tax and amortisation (Ebita) were €85m, down 24.% but the group did record a growth in revenues by 2.3%.