Glanbia withdraws guidance

Date: 22.04.2020Source: RTE


Glanbia is another company to withdraw guidance for the business year because of uncertainty brought about by Covid-19.

In an interim statement ahead of its AGM, Glanbia said it has experienced limited operational disruption to date but noted that demand had become more volatile towards the end of March.

Glanbia said its first quarter revenues rose by 17% on a constant currency basis compared to the same time last year due to good demand across both Glanbia Performance Nutrition and Glanbia Nutritionals as well as strong cheese markets.

Roland Sossna / moproweb

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