Glanbia Plc Ord (GLAPF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Glambia 2024 full year results call. During today's call, the directors may make forward-looking statements. These statements have been made by the directors in good faith based on the information available to them up to the time of their approval of the Glambia full year 2024 results announcement. Due to inherent uncertainties, including both economic and business risk factors underlying such statements, actual results may differ materially from those expressed or implied by those forward-looking statements. The directors undertake no obligation to update any forward-looking statements made on today's call, whether as a result of new information, future events, or otherwise. I'm now handing the call over to Hugh Maguire, CEO, Glambia PLC. Thank you, Liam. Good morning, everyone, and welcome to the Glambia full-year 2024 results call and presentation. I'm joined on today's call by Mark Garvey. I will give a business review of 2024, and Mark will then cover the financials and outlook. At the end of the call, we will be very happy to turn the call over to you for questions. I'm pleased to report that the group delivered a strong performance in 2024, with adjusted earnings per share growing by 6.8% to $0.140. This was driven by strong consumer demand for our better nutrition brands and ingredients, with good volume growth across our portfolio. The group delivered revenues of $3.8 billion, representing an increase of 5.8% on a pro forma constant currency basis. In Glambia Performance Nutrition, we continue to see good consumer demand for our performance and healthy lifestyle brands, and we're particularly pleased with the continued growth momentum in our Optimum Nutrition and Ice Pure brands, which both delivered double-digit volume growth...