Brief: Glanbia CFO says whey prices may not come down until next year
25/02/2026 07:40
Feb 25 (Reuters) - Glanbia PLC GL9.I CFO Mark Garvey, speaking to Reuters following publication of FY results: SEES PRICE INCREASES IN PERFORMANCE NUTRITION COMING THROUGH, PARTICULARLY IN THE SECOND QUARTER SEES PRICING IN HEALTH AND NUTRITION FAIRLY NEUTRAL, GROWTH MORE VOLUME LED FEEL VERY CONFIDENT OF DAIRY PROFIT FORECAST OF 150-160 MILLION EBITDA WE HAVE PROCURED OUR WHEY NEEDS UP TO THE BEGINNING OF Q4 WE CONTINUE TO SEE WHEY PRICES BEING ELEVATED; RIGHT NOW DOES NOT LOOK LIKE WHEY PRICES WILL COME DOWN THIS YEAR, MIGHT BE INTO NEXT YEAR SEES TARIFF REGIME AS MANAGEABLE, WHAT'S CHALLENGING IS THE UNCERTAINTY NO FURTHER DIVESTMENTS ON OUR CARDS AT THIS POINT; LOOKING AT BOLT-ON ACQUISITIONS OVER NEXT 12-18 MONTHS Further company coverage: GL9.I (Reporting By Conor Humphries) ((conor.humphries@thomsonreuters.com;))