12 Aug GLANBIA PLC REPORTS H1 2021 RESULTS, ANNOUNCES NEW EUR 50 mil SHARE BUYBACK
lanbia delivered a performance ahead of expectations in the first half of 2021 as strong revenue growth and margin improvements delivered adjusted earnings per share (“EPS”) growth of 85% on a constant currency basis (up 70.2% reported)
The Group also delivered strong cash conversion in the period which has funded capital allocation towards an acquisition, increased dividend and a further share buyback programme.
Full year guidance is for adjusted EPS growth of 17% to 22% (constant currency) versus the prior year.
Company announced new share buyback program of up to EUR 50 million