12 March 2014
Siim Kaevats, Avonmore
Siim Kaevats, Avonmore
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OPERATIONAL OVERVIEW<br />
JOINT VENTURES & ASSOCIATES<br />
• Strong global dairy markets resulted in<br />
both higher revenue and input costs<br />
across the key joint ventures & associates<br />
• Results of Glanbia Ingredients Ireland,<br />
Southwest Cheese and Nutricima broadly<br />
in line with 20<strong>12</strong><br />
• Growth in Glanbia Cheese driven by<br />
positive market demand<br />
• <strong>2014</strong> performance expected to continue<br />
in line with 2013<br />
• Expansion plans in Glanbia Ingredients<br />
Ireland progressing well<br />
REVENUE<br />
€900.5m<br />
+11.2%<br />
EBITA<br />
€39.0m<br />
+5.3%<br />
EBITA margin<br />
4.3%<br />
-30bps<br />
All growth figures shown are on a constant currency basis<br />
2013 FULL YEAR RESULTS www.glanbia.com 10
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