Glanbia (CDI) (GLB)

Sector:

Food

  11.29
   
  • Change Today:
     -0.01
  • 52 Week High:  15.2
  • 52 Week Low:  10.1
  • Currency: Euro
  • Shares Issued: 276.88m
  • Volume: 47,009
  • Market Cap:  3,124.60m
  • RiskGrade: 168

Glanbia upbeat despite woes at consumer products unit

Date: Tuesday 29 Oct 2013

LONDON (ShareCast) - Food group Glanbia said it was positive about its full year outlook after a good performance in the first nine months of the year from its two core global businesses offset a challenging time for its Irish consumer products business.

The Ireland-based company said it expected to deliver 2013 underlying earnings growth of about 10% which is at the upper end of its previous guidance.

It comes after group revenues rose 14% in the nine months to October 5th against the same period last year thanks to 9% growth in volumes and 5% increase in prices.

Its global performance nutrition division delivered a 19% increase in revenues while its global ingredients arm lifted revenues by 14% in the same period.

However, its consumer products division had a ”challenging” time as milk input costs rose and the Irish retail environment remained difficult. It has started a restructure to cut costs but it will not feel the benefit of this in 2013 and as a result the company said it expected the division’s results for this year to be significantly below those of 2012.

The cost of the unit’s reorganisation is expected to be between €14m and €18m this year. However, this will be offset by a one-off pension related credit of €13m.

Shares jumped 4.66% to €10.10 at 09:44 on Tuesday.

TB

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Glanbia (CDI) Market Data

Currency Euro
Share Price   11.29
Change Today   -0.01
% Change -0.04 %
52 Week High  15.2
52 Week Low  10.1
Volume 47,009
Shares Issued 276.88m
Market Cap  3,124.60m
RiskGrade 168

Glanbia (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.87% below the market average82.87% below the market average82.87% below the market average82.87% below the market average82.87% below the market average
58.62% below the sector average58.62% below the sector average58.62% below the sector average58.62% below the sector average58.62% below the sector average
Price Trend
24.13% above the market average24.13% above the market average24.13% above the market average24.13% above the market average24.13% above the market average
10.34% below the sector average10.34% below the sector average10.34% below the sector average10.34% below the sector average10.34% below the sector average
Income
77.49% below the market average77.49% below the market average77.49% below the market average77.49% below the market average77.49% below the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Growth
32.73% below the market average32.73% below the market average32.73% below the market average32.73% below the market average32.73% below the market average
24.14% below the sector average24.14% below the sector average24.14% below the sector average24.14% below the sector average24.14% below the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 4
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Glanbia (CDI) Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Mar-22 19-Aug-21
Paid 06-May-22 01-Oct-21
Amount 17.53¢ 11.75¢

Trades for 20-May-2022

Time Volume / Share Price
18:10 7,503 @  11.08
18:08 1,925 @  11.09
17:32 1,666 @  11.11
17:15 4,764 @  11.08
17:13 12,389 @  11.08

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