Glanbia issued its Interim Management Statement showing a good performance in the first nine months of 2013. The total group revenue, including Joint Ventures and Associates, grew 14% in the nine months to October 5, compared to the same period in 2012.
This comprised approximately 9% volume growth and 5% price growth with the impact of acquisitions and disposals largely offsetting one another.
John Moloney, Group Managing Director said, "Trading is in line with expectations and we expect this trend to continue for the remainder of the year. Momentum continues in our two core global businesses, particularly in Global Performance Nutrition where revenue growth continues to outperform market growth rates."
The group expects to deliver 2013 adjusted earnings per share growth of circa 10%, on a constant currency basis, which is at the upper end of previous guidance. The Interim Statement was issued in accordance with the reporting requirements of the EU Transparency Directive.
© 2013 - Checkout Magazine by Genna Patterson
