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ABF Associated British Foods Plc

1,908.50
18.00 (0.95%)
11 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Associated British Foods Plc LSE:ABF London Ordinary Share GB0006731235 ORD 5 15/22P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  18.00 0.95% 1,908.50 1,913.50 1,914.50 1,914.50 1,888.00 1,893.00 2,695,951 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Textile Goods, Nec 20.07B 1.46B 1.9867 9.64 13.85B

AB Foods 16 Weeks Revenue +10%, Sees to Upgrades Fiscal Year Adjusted Operating Profit Views

17/01/2013 7:46am

Dow Jones News


Associated British Foods (LSE:ABF)
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From Feb 2020 to Feb 2025

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LONDON--Associated British Foods PLC (ABF.LN), a diversified food, ingredients and retail company, said Thursday that Group revenue for the first 16 weeks was 10% ahead of last year, ahead of expectations driven by the outstanding performance from Primark, adding that it now expects to make further progress in full year adjusted operating profit

MAIN FACTS:

-Retail Sales at Primark were above expectations, 25% ahead of the same period last year and 27% ahead at constant currency; Trading for the remaining businesses in line with expectations

-Sugar revenue were 12% ahead of last year

-Agriculture revenue was 3% ahead of last year

-Grocery revenue was level with last year.

-Ingredients revenue was level with last year.

-Net debt at Jan. 5, was GBP0.9 billion

-As previously indicated, the full year result for AB Sugar is expected to be lower than last year, but anticipate that this will be more than offset by growth at Primark and some recovery in Grocery.

-Now expect to make further progress in adjusted operating profit for the full year, with the improvement heavily weighted towards the first half.

-Shares closed Wednesday at GBP15.56, valuing the company at GBP12.32 billion.

-Write to Razak Musah Baba at razak.baba@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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