Glanbia PLC Glanbia plc Capital Markets Day (8578F)
09 November 2022 - 11:00PM
UK Regulatory
TIDMGLB
RNS Number : 8578F
Glanbia PLC
09 November 2022
Glanbia plc Capital Markets Day and three year ambition
9 November 2022, Glanbia plc ("Glanbia", the "Group" or "plc")
is holding a Capital Markets Day ("CMD") today at its Glanbia
Performance Nutrition manufacturing facility in Aurora, Illinois,
USA. The CMD will run from 8.30am local time (2.30pm GMT) to
approximately 11.30am local time (5.30pm GMT).
The event will focus on Glanbia's compelling growth agenda and
operational strengths; providing an overview of the strategies in
its better nutrition platforms, Glanbia Performance Nutrition and
Glanbia Nutritional Solutions. Glanbia's environmental, social and
governance strategy and its three year financial ambition will also
be outlined.
Three year financial ambition
The three year average annual financial metrics for 2023 to
2025, which will be outlined at the CMD are as follows:
-- Group:
o Adjusted earnings per share ("EPS") growth 5% to 10% (on a
constant currency basis);
o Operating cash conversion of EBITDA of 80%+; and
o Return on capital employed ("ROCE") of 10% to 13%
-- Glanbia Performance Nutrition:
o Revenue growth 5% to 7% (on a constant currency basis);
and
o EBITA margin 12%+
-- Glanbia Nutritional Solutions:
o Volume growth 3% to 5%; and
o EBITA margin 12%+
Webcast
The Capital Markets Day will be broadcast live via a webcast.
Details on how to register and view the webcast can be found at the
following link: Glanbia Capital Markets Day 2022
(connectid.cloud)
Copies of the materials from today's Capital Markets Day will be
available after the event on www.glanbia.com
ENDS
Cautionary statement
This announcement contains 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 this announcement. Due to the inherent uncertainties, including
both economic and business risk factors underlying such forward
looking information, actual results may differ materially from
those expressed or implied by these forward-looking statements. The
Directors do not undertake any obligation to update any
forward-looking statements contained in this announcement, whether
as a result of new information, future events, or otherwise, except
as required by law.
For further information contact
Glanbia plc +353 56 777 2200
Mark Garvey, Group Finance Director
Liam Hennigan, Group Secretary & Head of Investor Relations: +353 86 046 8375
Martha Kavanagh, Head of Corporate Communications: +353 87 646 2006
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END
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