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Glanbia reports 2024 revenue rise but predicts 2025 earnings drop, plans to sell assets.
Glanbia, a food and nutrition company, reported a 5.8% rise in 2024 revenue to $3.8 billion and an increase in profits to $310 million.
Despite these gains, the company forecasts a potential 11% drop in earnings for 2025 due to higher costs, especially for whey.
Glanbia plans to sell its SlimFast brand and other underperforming assets to save $50 million annually by 2027.
The company's share value dropped by 15% after the announcement.
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Glanbia reporta un aumento de ingresos en 2024, pero predice una caída de ingresos en 2025, planes para vender activos.