Glanbia to sell Body & Fit online sports-nutrition business

Glanbia in Ireland sells its online business and Fit SPORTS-DORTRITION to an unveiled buyer.

Mysterious details were provided in the results of the first half in Glanbia, which is based in Dublin today (August 13), which showed total sales and folders in the PU Diet

Body & Fit was obtained in the Netherlands, which is also located within the PN business unit, along with the Slimfast Lost Lost brand and optimal nutrition protein script line, by Glanbia in 2017 for an unveiled amount.

“In line with previous ads related to non -essential brands, GANBIA has signed a Body & Fit agreement, Benelux Direct to Consumer for e -commerce, taking into account some customary deliveries.”

The deal is expected to be completed in the last quarter of this year.

Body & Fit Porter includes protein powders, bars and sports nutrition supplements. The optimum brand of Glanbia is also sold that covers similar categories on the platform, according to Body & Fit.

In half to 5 July, the revenues of the PN unit decreased by 3.8 % on the basis of a fixed currency to 850 million dollars and decreased by 3.6 % in the terms reported. 3.5 % sizes decreased with a decrease of 0.3 % in the price.

With the exception of Slimfast and Body & Fit, revenues decreased by 1.5 %.

“The decrease in volume was largely driven by the expected challenges in American channels, specialized channels and a decline in non -essential brands, and partially met them well in FDM channels online.”

The company said optimum nutrition represents 67 % of the PN department revenue, but the scale decreased by 0.5 % in the half. Glabia added that the brand’s revenues turned into positive growth in the second quarter.

Outside the business of PN, Glanbia runs two other units: health and nutrition, dairy feeding, mainly envelope food ingredients and drinks, along with cheese for the latter.

The company’s revenue increased by 6 % in half to $ 1.9 billion, as its size increased by 0.9 %. EBITDA, pre -effect, decreased by 7.5 % to 241.3 million dollars. The modified arrow profit has decreased by 7.5 % in the fixed currency to $ 63.03.

“The results of the first day of implementation and significant progress reflect, as we have achieved 6 % growth in this period, supported by strong growth in H&N and DN and improving a sequence in PN during the period, as the group moved to significant significant economic fluctuations.

“The results in the first half were driven by the growth of size, profits and the development of the margin in H&N and DN, which reflects a strong demand for customers. This was compensated by the low performance expected in PN in the first place as a result of the high whey costs during the period.”