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| 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 |
From Feb 2020 to Feb 2025
LONDON--Associated British Foods PLC (ABF.LN), a diversified international food, ingredients and retail company, said Monday that the interim results for the group will be ahead of the Company's expectations, adding that expectation for the full year is unchanged and earnings growth for the full will therefore be heavily weighted towards the first half.
MAIN FACTS:
-Adjusted operating profit will be higher than last year driven by an outstanding performance from Primark.
-Earnings per share for the first half will be substantially ahead of last year.
-Operating cash flow for the half year is expected to be stronger than last year with higher profits, lower capital expenditure, and a lower working capital outflow than is traditionally the case in the first half benefiting from the higher sales and good stock management at Primark.
-Net debt at the half year is expected to be more than GBP0.3 billion lower than a year ago at some GBP1.25 billion.
-Profit from Sugar in the first half will be lower than last year with an improvement at Illovo more than offset by a decline in China and a non-cash charge for the mothballing of the Company's two smallest beet sugar factories in north China.
-U.K. revenue were ahead of last year with higher sales volumes compared with last year's abnormally low level at the beginning of the financial year, and marginally higher sugar prices.
-Revenue at Illovo benefited from higher production volumes with increased cane yields and sugar content, particularly in South Africa.
-Sales at Primark in the first half were exceptionally strong and are expected to be 23% ahead of the same period last year and 25% ahead at constant currency. This was driven by very strong like-for-like sales growth, a substantial increase in retail selling space and superior sales densities in the larger new stores.
-Associated British Foods shares in London closed Friday at GBP18.30, valuing the company at GBP14.49 billion.
-Write to Razak Musah Baba at razak.baba@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Associated British Foods Chart |
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