Glanbia aims to boost growth

GLANBIA is setting up a series of new product launches in 2004 while simultaneously targeting a number of acquisitions to boost growth in the coming year.

Merrion Stockbrokers analyst Niamh Brodie said, following a pre-closed period conversation with management, they understand that Glanbia has seen solid trading in the second half of 2003.

"Due to a pick-up in dairy ingredients markets, we believe the company is likely to deliver earnings at, or marginally ahead of, our current estimate of 18.8c norm EPS, which equates to 8% growth.