Revenue at global nutrition group Glanbia fell 2.5% in the opening quarter of the year as dwindling milk prices hit the company’s ingredients sector.

Glanbia will continue to expand via organic growth and acquisitions, managing director of the food group Siobhán Talbot said.

Glanbia will continue to seek acquisition opportunities in the coming year, particularly around its global nutrition business as that key segment becomes increasingly central to its growth.

Diversified food group, Glanbia has maintained its full-year guidance for 8%-10% adjusted earnings per share growth on the back of a strong trading performance for the first nine months of the year.

Irish-headquartered global food group, Glanbia increased revenues markedly in the first six months of the year, driven largely by strong growth in its global performance nutrition division which saw revenues increase by almost 22%.

Global food giant Glanbia has recorded astonishing growth in its nutrition section which saw revenues grow by 38% in the first quarter of 2014 compared to the same period last year.

Global food and nutrition giant, Glanbia, has beaten expectations and reported full-year revenues for 2013 of €3.3bn driven by strong sales from the company’s nutrition division.

Glanbia says it expects the challenging trading conditions facing its Irish operations to continue, but noted that this should be offset by growth in its global business.

Food giant Glanbia is to let a number of employees in its consumer brands division go as the company’s dairy brands struggle due to the economic conditions.

Financial analysts have responded favourably to Glanbia’s half-year results, which saw its revenue for the first half of the year rise by 13% to almost €1.68bn.

Dairy Ireland was born out of farmers coming together from dairy discussion groups all over the country, with the idea of positively influencing the dairy industry outside of the farm gate.

Dairy farmers need to learn from the mistakes of the property boom and not leap into post-quota expansion just because everyone else is doing it, warns risk assessor John Crawley.

Glanbia’s share price has near doubled from around €6 a share on the Irish Stock Exchange in May 2012 to around €11 yesterday on the back of 9% revenue growth for the four months to April.

Dairy Ireland is urging greater stakeholder involvement in key dairy industry decisions in view of the imminent abolition of EU milk quota restrictions.

Market analysts have concurred with Glanbia’s view that a successful international growth strategy, coupled with the likely spinoff of its Irish dairy business to co-op members, will see a growth in its annual adjusted earnings per share.

Global factors are expected to push food company Glanbia’s sales even higher in the second part of the year.

Glanbia has predicted lower Dairy Ireland operating profit and margins for the first half of 2011, as global dairy market prices continue to weaken, and reductions in input costs such as milk price lag behind dairy ingredient price trends.

SALES growth in Glanbia’s cheese and global nutritional businesses has led the food group to project its earnings per share to increase by 20% for 2011.

GLANBIA has upgraded its full-year earnings forecasts for 2011 on the back of a strong first half performance driven by acquisitions and its Global Nutritionals business.

THE ISEQ index gained 32.24 points to close at 2,470.30, in line with European bourses.

THE Institute of Management Consultants and Advisers (IMCA)) has presented Glanbia group managing director John Moloney with its annual medal for demonstrable enterprise and innovation with lasting impact.

IMPROVING dairy markets and continuing progress in its nutritional range will ensure that Glanbia will achieve its 20% adjusted earnings per share growth guidance for the full year, the group said yesterday.

GLANBIA, the leading supplier of mozzarella cheese in Europe, has confirmed its first-half figures will show a strong improvement over the same period last year.

INTERNATIONAL food group Glanbia has reported a fall in pre-tax profits of 19% to €97.4 million from €120.3m.

Glanbia is in discussion about the possible disposal of its Irish dairy and agri-business interests.

GLANBIA, the Kilkenny-based international dairy and ingredients group, is forecasting a return to earnings growth for 2010.

Food group Glanbia in an interim statement issued today said trading conditions improved somewhat in the later stages of 2009 and a return to earnings growth was expected this year.