ABF delivers a strong set of results
Financial Highlights
- Group revenue up 11% to 12.3bn
- Adjusted operating profit up 17% to 1,077m
- Adjusted profit before tax up 17% to 974m
- Adjusted earnings per share up 18% to 87.2p
- Dividends per share up 15% to 28.5p
- Net capital investment of 707m
- Net debt of 1,061m
- Operating profit up 4% to 873m, profit before tax level at 761m and basic earnings per share up 2% to 70.3p
George Weston, Chief Executive of Associated British Foods, said:
"These are very good results for the group and include exceptional performances from AB Sugar and Primark. Global economic uncertainty remains but we have opportunities for further investment and the strength of the group balance sheet and a strong cash flow will enable us to pursue them with confidence."
