Glanbia announced it planned to increase its total group revenue by 38.8% by 2022 at a Capital Markets Day it hosted yesterday (May 23) in Illinois, USA.
The Irish based nutrition group said that it planned for its earnings to jump to €5 billion over the next five years, as well as see its five-year average adjusted earnings per share to range from 5%-10% and have its annual operating cash conversion be greater than 80%.
Speaking before the event, Siobhán Talbot, Group Managing Director of Glanbia said, “I’m very pleased to host our 2018 Capital Markets Day at our Innovation Center in Downers Grove, Illinois.
“Over the course of the event, my colleagues and I will outline our ambition to grow total Group revenue from €3.6 billion, pro forma1, in 2017 to over €5.0 billion by 2022.”
Glanbia said that with its three platforms, Glanbia Performance Nutrition, Glanbia Nutritionals and Strategic Joint Ventures, it is positioned to deliver long-term sustainable growth.
Talbot added, “Glanbia is today a focused Group with market-leading platforms in performance nutrition, value-added nutritional solutions and dairy ingredients. We are well positioned to capture growth from global consumer nutrition trends related to health & wellness, active lifestyles and clean ingredients.”
© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.