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ABF Associated British Foods Plc

1,925.00
19.50 (1.02%)
20 Mar 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
  19.50 1.02% 1,925.00 1,926.50 1,928.00 1,929.50 1,905.00 1,905.50 1,200,390 16:35:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Textile Goods, Nec 20.07B 1.46B 1.9867 9.70 13.96B

AB Foods: Primark Drives 26% Gain in 1st Half Pretax Profit; Dividend 9.35p

23/04/2013 7:51am

Dow Jones News


Associated British Foods (LSE:ABF)
Historical Stock Chart


From Mar 2020 to Mar 2025

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LONDON--Food processing, grocery, and clothing company Associated British Foods PLC (ABF.LN) Tuesday reported a 26% increase in pretax profit in the 24 weeks to March 2, driven by a 24% increase in sales at clothing retailer Primark, and also declared a 10% increased interim dividend of 9.35 pence.

MAIN FACTS:

-Profit before taxation in 24 weeks to March 2 GBP415 million versus GBP329 million in 24 weeks to March 3 2012

-Group revenue up 10% to GBP6.33 billion versus GBP5.77 billion

-Operating profit up 21% to GBP459 million versus GBP378 million

-Adjusted operating profit up 20% at GBP496 million versus GBP412 million

-Adjusted profit before tax up 25% to GBP452 million

-Basic / diluted EPS 38.9 pence versus 31.7 pence

-Adjusted earnings per share up 22% at 41.9 pence

-Net debt GBP1,337 million after net capital investment of GBP334 million

-Primark sales 24% ahead of the same period last year including 7% like-for-like growth

-For FY, sees strong profit growth from Primark, but not at the same level of 1H which benefitted from lower cotton prices, and also expects an improvement in Grocery.

-These will more than offset a reduction in profit from Sugar as a result of lower E.U. production and lower prices in China.

-Shares closed Monday at 1,850 pence valuing the company at GBP14.6 billion.

-Write to Ed Ballard at ed.ballard@dowjones.com

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1 Year Associated British Foods Chart

1 Year Associated British Foods Chart

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