date:May 20, 2013
movements in the Euro/US dollar currency exchange rate. Our current expectation for the full year 2013 is for an appreciation of the Euro of circa 1% (2013: 1=$1.300; 2012: 1 = $1.285). On this basis, there would be only a modest negative translation impact on adjusted earnings per share for 2013.
Glanbia is reiterating its 2013 earnings guidance provided in the 2012 full year results announcement on 13 March 2013. The Group expects growth momentum to continue within US Cheese Global Nutriti