Glanbia PLC (CHIX:GL9i)

€ 12.4 (0%) Market Cap: 3.29 Bil Enterprise Value: 3.75 Bil PE Ratio: 22.44 PB Ratio: 1.70 GF Score: 64/100

Full Year 2024 Glanbia PLC Earnings Call Transcript

Feb 26, 2025 / 08:30AM GMT

Release Date Price: €13.57

Transcript

Key Points

Positve

Glanbia PLC (GLAPF) reported a strong performance in 2024 with adjusted earnings per share growing by 6.8% to $0.40.
The company delivered revenues of $3.8 billion, representing an increase of 5.8% on a pro forma constant currency basis.
Glanbia PLC (GLAPF) raised its dividend by 10% and returned EUR102 million to shareholders via share buyback programs in 2024.
The Nutritional Solutions segment saw revenue growth of 14% on a constant currency and pro forma basis, driven by strong demand in pre-mix and protein solutions.
The company announced a further EUR100 million share buyback for 2025, indicating confidence in its financial position and future prospects.

Negative

Glanbia PLC (GLAPF) faced significant headwinds from unprecedented high-end whey costs, impacting the GPN business.
The company expects a double-digit increase in GPN's cost of goods sold, representing a headwind of almost $200 million in 2025.
The decision to exit the SlimFast brand and Body & Fit direct-to-consumer e-commerce business indicates challenges in these areas.
Competitive dynamics in the club channel and increased competition in the second half of the year negatively impacted revenue in the Americas.
The company anticipates EBITDA margins to be lower in the first half of 2025 due to increased input costs, with only partial mitigation expected.

Liam Hennigan Glanbia plc;Group Secretary and Head of Investor Relations

Good morning and welcome to the Glanbia 2024 full year results call. During today's call, the directors may make forward-looking statements. These statements have been made by the directors in good faith based on the information available to them, up to the time of their approval of the Glanbia full year 2024 results announcement.

Due to inherent uncertainties, including both economic and business risk factors underlying such statements, actual results may differ materially from those expressed or implied by those forward-looking statements. The directors undertake no obligation to update any forward-looking statements made on today's call, whether as a result of new information, future events, or otherwise. I'm now handing the call over to Hugh McGuire, CEO of Glanbia plc.

Hugh McGuire Glanbia plc;Chief Executive Officer and Executive Director

Thank you, Liam. Good morning, everyone, and welcome to the Glanbia full year 2024 results call and presentation. I'm

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