Glanbia Investor Day
May 24, 2013 - Glanbia plc, the global nutritional solutions and cheese group, (the 'Group', 'Glanbia'), is hosting an investor day at the London Stock Exchange from 2pm to 6pm today. The focus of the presentations will be US Cheese & Global Nutritionals, which is the Group's largest business segment.
As announced on May 21 Glanbia is reorganising US Cheese & Global Nutritionals into two business segments called Global Performance Nutrition and Global Ingredients. This reflects the fact that today Glanbia has two well established nutritional platforms that cover both business-to-consumer and business-to-business nutritional products and solutions. The first platform is the Group's global sports nutrition brand family. The second platform spans large-scale US cheese manufacturing and value-added nutritional ingredient solutions incorporating Ingredient Technologies and Customised Premix Solutions.
In 2012, US Cheese & Global Nutritionals reported revenue of €1.6 billion and EBITA of €156 million. This represented 52% of Total Group revenue and 73% of Total Group EBITA for the year. Based on the new business segments, Global Performance Nutrition generated €0.6 billion of this revenue in 2012 and Global Ingredients generated €1.0 billion of this revenue. Both business segments had an EBITA margin of 10%. No further material or new information will be disclosed today.
The presentations from the investor day will be available on Glanbia's website at www.glanbia.com.
Ends
For further information contact
Glanbia plc +353 56 777 2200
Siobhán Talbot, Group Managing Director Designate
Shane Power, Group Investor Relations Manager +353 56 777 2244
