Glanbia’s total Group revenue for 2016 was €3.6 billion, an increase of 1.3% in constant currency on 2015, it was announced today in its results for the financial year ended December 31, 2016.
The Group also announced plans to sell 60% of its Dairy Ireland division to Glanbia Co-op.
Adjusted Earnings Per Share at 87.66c, were up 11.2% on the previous year while EBITA from the Group’s wholly owned business was up 12.5% on 2015 at €305.1m.
Glanbia Performance Nutrition had an EBITA of €162.6m for 2016, a 20% increase on the previous year while Glanbia Nutritionals saw increase by 4.5% to €111.8m.
The Board is recommending a final dividend of 7.94c/share, bringing the total dividend for the year to 13.31c/share, representing an increase of 10% and returning almost €40m to shareholders.