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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-- Ingredients maker and Primark fashion retailer Associated British Foods PLC (ABF.LN) said Monday that adjusted operating profit for the second half will be ahead of expectations delivered by a strong finish to the year from Primark.
MAIN FACTS:
-Adjusted earnings per share for the full year will show good progress.
-Despite the adverse effect of currency movements on the translation of foreign currency borrowings, year end net debt is expected to be some 0.9 billion pounds compared with GBP1.1 billion last year.
-Sales at Primark for the full year are now expected to be 22% ahead of last year at actual exchange rates, which benefited from the recent strengthening of the euro, and will be 21% ahead at constant currency.
-This result was driven by an increase in retail selling space, like-for-like sales growth which is expected to be close to 5% for the full year, and the superior sales densities in the larger new stores. The strong trading over the summer also resulted in lower markdowns and the second half margin will now be in line with the first half, beating expectations.
-During this financial year company will have opened 16 new stores; expect to add more than a million square feet of selling space in the new financial year.
-Revenue and adjusted operating profit for AB Sugar for the full year will be in line with management expectations.
-Sugar: current negotiations with E.U. customers regarding prices for the 2013/14 marketing year are proving challenging.
-Agriculture has built on its strong performance in the first half and will deliver full year revenues and profit substantially ahead of last year.
-Grocery revenues continued to improve during the second half and will be ahead of last year for the full year.
-Ingredients revenue for the full year is expected to be ahead of last year and underlying operating profit in line.
-Shares closed Friday at 1,851 pence valuing the company at GBP14.65 billion.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Associated British Foods Chart |
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