Glanbia Sets Out Five Year Ambition
Glanbia, the global nutrition group, has reiterated its 2018 full year guidance and outlined its five year financial ambition to grow total group revenue from €3.6 billion, pro forma, in 2017 to over €5.0 billion by 2022. Glanbia Group, with its three platforms of Glanbia Performance Nutrition, Glanbia Nutritionals and Strategic Joint Ventures is well positioned to deliver long term sustainable growth. This will be enabled by organic growth and selective M&A. The group’s balance sheet is strong and Glanbia has the capacity to fund future growth opportunities.
“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,” says Siobhán Talbot, group managing director of Glanbia.
The five year ambition is as follows:
| Key performance indicator | Metric |
| Total Group revenue (including Glanbia share of Joint Ventures) by 2022 | €5.0 billion |
| 5 year average adjusted earnings per share growth, constant currency, 2018 to 2022 | 5% to 10% |
| Annual return on capital employed | 10% to 13% |
| Annual operating cash conversion | Greater than 80% |
