Glanbia PLC

GLB: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€79.50	Glv	Fwhqzzmvv

New Morningstar Analyst Report for Glanbia

Adam Kindreich

Feb 22, 2017

Business Strategy and Outlook

Glanbia is a leading global manufacturer of ingredients and performance nutrition. These two businesses account for 78% of revenue and 90% of operating profit, and are the driving force of future growth. The business is built around whey, a byproduct from milk processing and cheese manufacturing, as an important protein ingredient in food and nutrition.

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