Associated British Foods plc
Associated British Foods: H1 results
Associated British Foods’ (ABF) biggest problem in the half year was lower sugar prices in the EU as competition in anticipation of regulatory changes knocked £25m (a third!) off the profits of ABF’s primary foods business (21% of operating profit). The fact that margins have shrunk so fast before the reforms have taken effect […]
Associated British Foods 2005 results
Associated British Foods is currently largely being driven by the acquisitions and disposals it has made over the last year in all its divisions. The ingredients business (12% of operating profit) and discount clothing retail chain Primark (30% of operating profit) have both yet to see the full impact of sizeable acquisitions during the year.
Primark, […]
Associated British Foods trading statement
Associated British Foods seems to have had a fairly good second half despite the continuing low sugar prices. Primark remains the main driver growth with like-for-like sales up 9%. With continued opening of new stores the organic growth rate will be significantly above this, and the Littlewoods acquisition (on which we have previously commented) will […]
ABF: Littlewoods acquisition
Associated British Foods is acquiring Littlewoods’ chain of 120 high street. Some stores will be sold, the remainder will be converted to Primark, leading to an increase in the number of Primark stores of nearly 40% and an approximately 35% increase in the amount of selling space.
Primark already generates nearly a quarter of ABF’s operating […]
Associated British Foods H1
Associated British Foods’ (ABF) sales growth was largely driven by acquisitions with only discount clothing retailer Primark (which makes 22% of operating profits) generating much organic sales growth (+c12%) as well as strong organic operating profit growth (+c18%). ABF’s grocery business (33% of operating profits) which produced little organic sales growth (+c1.5%) did produce […]
Associated British Foods
Both of the company’s largest two food business, grocery (34% of operating profit) and primary food (40% of operating profit) improved both profit and margins on better demand across a range of products.
Sales in the ingredients business (8% of operating profits) fell as the result of an exit from some businesses and the […]
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