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Feb 4 2019, 07:00 GMT
With momentum strengthening through 2018, we expect Glanbia’s upcoming results to confirm the achievement of FY 2018 targets. 2019 is set to continue in this fashion, underpinned by organic volume growth and a full-year contribution from SlimFast. We are nudging up our EPS forecasts by 1.3% and 1.6% for FY 2019 and FY 2020 respectively. A strong balance sheet affords ongoing optionality. We expect continued performance for the equity against a backdrop of positive earnings momentum.