Glanbia Predicts 'tough Year' For 2009

摘要

Clanbia, the Irish-headquartered international cheese and nutritional ingredients group, has announced its full year results, reporting an operating margin increase of 80 basis points and a profit rise of 20.8% before tax.rnJohn Moloney, group managing director, predicts: "2009 will be a tough year. Global dairy markets have weakened considerably from previous high levels, although the outlook for 2009 has further deteriorated in the last two months. The group now expects 2009 earnings to be in a range of low- to mid- single-digit growth. Glanbia is continuing to maximise organic growth opportunities and aggressively manage costs to sustain the business through the current challenging environment."