SHALAKA LAWRENCE
1. Define your industry and firm objectives in pursuing a strategy.
Glanbia is a global nutrition group which employs over 6,000 people across 32 countries with their products sold and distributed around 132 countries. They are headquartered in Kilkenny, Ireland and have shares listed on the Irish and London stock exchanges.
PURPOSE AND VISION:
Glanbia is a global nutrition company grounded in science and nature with a purpose to deliver better nutrition. This aligns with their strategic objective of maximising total returns to shareholders, while also maintaining a strong position on key sustainability issues. They aspire to become one of the world’s top performing nutrition companies, trusted to enrich life every day. …show more content…
Their 2016 to 2018 strategic targets are: • To maintain annual growth in adjusted earnings per share of 8% to 10%, constant currency; and • To maintain a return on capital employed of over 12%.
KEY PERFORMANCE INDICATORS: They monitor their long-term progress by measuring growth or improvement in seven key performance indicators (KPIs). These KPIs have been identified by the Board as the most relevant to delivering the Group’s strategy and objectives.
SUSTAINABILITY: They seek to maintain a strong position on key sustainability issues in their sector including the environment, regulatory compliance, supply chain and food safety.
2015 PROGRESS 2016 TARGETS
• Maintained their leadership positions in American-style cheddar cheese and whey-based nutritional solutions in Global Ingredients (GI);
• Delivered strong growth in nutritional and functional dairy solutions, particularly in the nutrition bar sector; and
• Commenced the organisational redesign of Gl. • Deliver earnings growth through further progression in value added …show more content…
Earlier this week, Glanbia released its 2015 figures showing a total group revenue of €3,667.4m and earnings before interest, taxes and amortization (EBITA) at €310.7m – up from €245.0m in 2014. Adjusted earnings per share was 79.14c. Similarly, trading profit at Kerry Group plc in 2015 increased by 10% to €700m, while sales revenue on a reported basis increased by 6.1% to €6.1 billion. Kerry also announced earlier this week that business volumes progressively improved during 2015, delivering 3.8% year-on-year growth.
“I think you can see from the share price reactions that both results have been pretty well received, even though there are a couple of different drivers across both sets of accounts,” Gorman said. “Investors looking at these numbers are going to be pretty pleased with the main financial metrics from the two. The outlook from both companies is also pretty positives as they both have quite a lot of opportunity to grow.”
Parallels Between Ireland’s Agri-Food Giants
Global agricultural commodity prices, as measured by the FAO Food Index, showed a 19% decline during
1. Define your industry and firm objectives in pursuing a strategy.
Glanbia is a global nutrition group which employs over 6,000 people across 32 countries with their products sold and distributed around 132 countries. They are headquartered in Kilkenny, Ireland and have shares listed on the Irish and London stock exchanges.
PURPOSE AND VISION:
Glanbia is a global nutrition company grounded in science and nature with a purpose to deliver better nutrition. This aligns with their strategic objective of maximising total returns to shareholders, while also maintaining a strong position on key sustainability issues. They aspire to become one of the world’s top performing nutrition companies, trusted to enrich life every day. …show more content…
Their 2016 to 2018 strategic targets are: • To maintain annual growth in adjusted earnings per share of 8% to 10%, constant currency; and • To maintain a return on capital employed of over 12%.
KEY PERFORMANCE INDICATORS: They monitor their long-term progress by measuring growth or improvement in seven key performance indicators (KPIs). These KPIs have been identified by the Board as the most relevant to delivering the Group’s strategy and objectives.
SUSTAINABILITY: They seek to maintain a strong position on key sustainability issues in their sector including the environment, regulatory compliance, supply chain and food safety.
2015 PROGRESS 2016 TARGETS
• Maintained their leadership positions in American-style cheddar cheese and whey-based nutritional solutions in Global Ingredients (GI);
• Delivered strong growth in nutritional and functional dairy solutions, particularly in the nutrition bar sector; and
• Commenced the organisational redesign of Gl. • Deliver earnings growth through further progression in value added …show more content…
Earlier this week, Glanbia released its 2015 figures showing a total group revenue of €3,667.4m and earnings before interest, taxes and amortization (EBITA) at €310.7m – up from €245.0m in 2014. Adjusted earnings per share was 79.14c. Similarly, trading profit at Kerry Group plc in 2015 increased by 10% to €700m, while sales revenue on a reported basis increased by 6.1% to €6.1 billion. Kerry also announced earlier this week that business volumes progressively improved during 2015, delivering 3.8% year-on-year growth.
“I think you can see from the share price reactions that both results have been pretty well received, even though there are a couple of different drivers across both sets of accounts,” Gorman said. “Investors looking at these numbers are going to be pretty pleased with the main financial metrics from the two. The outlook from both companies is also pretty positives as they both have quite a lot of opportunity to grow.”
Parallels Between Ireland’s Agri-Food Giants
Global agricultural commodity prices, as measured by the FAO Food Index, showed a 19% decline during