Glanbia confident of meeting expectations
Irish dairy group Glanbia said it is confident of meeting current market expectations for the full year despite the volatility in the dairy market.
"While there continues to be a level of volatility in global dairy markets and there are still some uncertainties, as would be expected this early in the year, we are confident of meeting market expectations for the full year," said the group.
The group said it sees a satisfactory half year performance from consumer foods with recovery of the significant raw material cost increases experienced in 2007.
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It said the agribusiness is expected to deliver a stable performance for the first half of the year, despite some unprecedented price increases in input costs, particularly in feed and fertiliser.
"While it is difficult to be precise about the timing of disposals we expect the contribution from the Property business to be in line with or slightly ahead of the first half of 2007," the group added.
Overall food ingredients & nutritionals is having a strong performance in the first half with the minerals and vitamins pre-mix businesses also expected to perform well.
