Glanbia

Glanbia plc (ISE/LSE: GLAPF) is a global nutrition company headquartered in Kilkenny, Ireland. The company specializes in performance nutrition and cheese production, with a portfolio of leading brands in sports and lifestyle nutrition. Glanbia's mission is to inspire people to achieve their performance and healthy lifestyle goals through its nutrition products. The company reported revenues of USD 5.42 billion for the 2023 financial year. Glanbia's shares are listed on Euronext Dublin and the London Stock Exchange.

Glanbia's main business segments include:

• Glanbia Performance Nutrition (GPN): Produces sports nutrition products and supplements under brands like Optimum Nutrition, SlimFast, think!, Isopure, and Amazing Grass. Optimum Nutrition is Glanbia's first billion-dollar brand, generating USD 1.1 billion in revenue in 2023.

• Glanbia Nutritional Solutions: Develops customized nutritional ingredients and premixes for the food, beverage, and supplement industries. This segment offers dairy proteins, plant-based proteins, bioactives, and micronutrients.

• US Cheese: Manufactures and markets cheese and whey products, though this is a lower-margin business for the company.

In 2023, Glanbia reported a 20% increase in after-tax profits to USD 298.1 million, driven by strong performance in its nutrition segments. The company is benefiting from growing consumer interest in protein supplementation and fortification, which it describes as a "protein mega-trend". Looking ahead, Glanbia expects 5-8% growth in adjusted earnings per share for 2024 on a constant currency basis. The company continues to focus on expanding its nutrition business globally, with products now sold in over 100 markets worldwide.