Inspiring the convenience community
Tough global dairy markets and lower demand has been blamed for a dramatic fall in turnover at Glanbia. Total revenue at the Irish ingredients and cheese group fell 18.2% from 2.6m in 2008 to 2.1m in 2009. EBITDA fell from 191m to...
Glanbia has sustained a significant drop in sales for the past six months as the Irish group continues to suffer from slumping global dairy markets.
Glanbia has lowered its 2009 profit forecast, blaming the worsening global outlook for dairy. The Irish dairy food company said world dairy markets had deteriorated since it announced €120.3m operating profits in its full-year results on 4...
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