Associated British Foods plc Interim management statement
Associated British Foods plc today issues an interim management statement for the 16 weeks to 5 January 2013, in accordance with the requirements of the UK Listing Authority's Disclosure and Transparency rules.
Highlights
Group revenue up 10%
Outstanding sales performance from Primark
Trading for the remaining businesses in line with expectations
Trading performance
Group revenue for the first 16 weeks was 10% ahead of last year. Revenue growth by business segment was:
|
|
16 weeks to 5 January 2013 |
|
Sugar |
12% |
|
Agriculture |
3% |
|
Grocery |
level |
|
Ingredients |
level |
|
Retail |
25% |
|
|
|
|
Total group |
10% |
Sterling has strengthened against all of our principal foreign currencies, compared with the first quarter last year, with the exception of the Australian dollar which is unchanged. The increase in revenue for the group on a constant currency basis was 13%.
