Glanbia shares surge on revenue growth and upbeat earnings outlook

Kilkenny-headquartered Glanbia said group revenues grew by a better-than-expected 10.5% in the first quarter on a year-on-year basis

Glanbia group managing director Siobhán Talbot said: "The strong first quarter gives us confidence for the remainder of the year."

Shares in Glanbia jumped by more than 5% after the dairy and nutrition group posted its strongest quarterly revenue growth for a number of years and gave a positive earnings outlook for this year as a whole.

The Kilkenny-headquartered global food, ingredients and flavourings giant — which makes a range of things from Avonmore milk and Kilmeaden cheese to various protein shakes, bars and weight-management products — said group revenues grew by a better-than-expected 10.5%, in the first quarter, on a year-on-year basis.