Glanbia records sharp decline in earnings due to Covid-19

But group managing director optimistic about the future. 

Siobhán Talbot: 'Consumers' increasing focus on health and wellbeing, as well as greater importance on trust and quality, positions Glanbia well for the future.' 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 25.4%, but the group did record a growth in revenues by 2.3%.