Price increases in response to inflation boost Glanbia revenues

Kilkenny food ingredients and protein powder firm raises guidance for 2022

Glanbia MD Siobhán Talbot: 'Revenue growth was primarily driven by pricing actions in response to unprecedented inflation.'

A 20% increase in prices across its group in response to inflation helped Glanbia raise revenues by more than 23% this year.

In an update, the food ingredients firm said consumption trends in the food sector continued to be resilient but said revenue growth was primarily a result of price increases.