Associated British Foods Plc (LON:ABF), today announced annual results year ended 15 September 2018
Financial Headlines
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|
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Actual |
Constant currency |
|
· Group revenue |
£15.6bn |
+1% |
+3% |
|
· Adjusted operating profit |
£1,404m |
+3% |
+5% |
|
· Adjusted profit before tax |
£1,373m |
+5% |
|
|
· Adjusted earnings per share |
134.9p |
+6% |
|
|
· Dividends per share |
45.0p |
+10% |
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|
· Gross investment of £1,165m |
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· Net cash £614m |
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· Statutory operating profit up 1% to £1,344m. Last year included the benefit of a one-time profit on the sale of businesses. Taking this into account, statutory profit before tax was down 19% to £1,279m and basic earnings per share down 16% to 127.5p. |
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George Weston, Chief Executive of Associated British Foods, said:
“This was another year of progress for the group. We continued to pursue the opportunities to grow our businesses with a gross investment of £1.2bn. Strong profit performances were delivered by each of Primark, Grocery, Agriculture and Ingredients. These more than offset the decline in Sugar profit which was caused primarily by low prices in the first year after the structural change in the EU sugar regime. Looking ahead, management have clear plans for further investment and for pursuing opportunities for business improvement.”
