Analysts expect good operational progress for Glanbia with the publication of its 2013 results on Wednesday, forecasting earnings per share growth of 6 per cent.
Dairy Ireland revenues are expected to rise 1.5 per cent to €640.5 million for the period, with performance nutrition up 11 per cent year-on-year to €650.3 million. Revenues in the global ingredients division are forecast to rise 9.3 per cent year-on-year to €1.08 billion.
Net debt at the company is forecast to rise by €39 million to €416 million, according to Davy stockbrokers, which reflects solid cash generation and expansionary capital expenditure of €130 million.
Glanbia last updated the market in October with an interim management statement covering the nine months to October 5th. The update was positive, with Glanbia seeing good momentum in its two core global businesses, with reported revenues up by 19 per cent.
Kenmare Resources is also to release full-year results this week. Goodbody stockbrokers forecasts revenue of $161.3 million and a net loss of $57.6 million for the Irish mining company. "With phase two expansion now complete, we anticipate a concerted focus on debt reduction. The timeline to achieve that will depend on Kenmare's ability to produce against the backdrop of power disruption and the underlying strength of market pricing," said Goodbody analyst Gerry Hennigan.
Last month, Kenmare reached an agreement to restructure its debt to fund exploration in the Moma mine, Mozambique.
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