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Associated British Foods plc

ABF.L

Latest Trade

1,937.50GBp

Change

55.50(+2.95%)

Volume

4,444,258

Today's Range

1,881.00

 - 

1,946.00

52 Week Range

1,618.00

 - 

2,528.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
1,882.00
Open
1,903.00
Volume
4,444,258
3M AVG Volume
20.46
Today's High
1,946.00
Today's Low
1,881.00
52 Week High
2,528.00
52 Week Low
1,618.00
Shares Out (MIL)
791.67
Market Cap (MIL)
14,899.31
Forward P/E
25.52
Dividend (Yield %)
0.33

Next Event

Full Year 2021 Associated British Foods PLC Earnings Release

Latest Developments

More

AB Foods Announces Primark's New Sustainability Strategy

Associated British Foods Appoints Non-Executive Director

BRIEF-Klepierre, Primark Announce Opening Of Seven New Stores In France And Italy

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About Associated British Foods plc

Associated British Foods plc is an international food, ingredients and retail company. Its segments include grocery, sugar, agriculture, ingredients and retail. The grocery segment manufactures products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products, which are sold to retail, wholesale and foodservice businesses. The sugar segment is engaged in growing and processing of sugar beet and sugar cane for sale to industrial users and to Silver Spoon, which is included in the Grocery segment. The agriculture segment manufactures of animal feeds and the provision of other products and services for the agriculture sector. The ingredients segment is manufactures of bakers’ yeast, bakery ingredients, enzymes, lipids, yeast extracts and cereal specialties. The retail segment is engaged in buying and merchandising value clothing and accessories through the Primark and Penney's retail chains.

Industry

Retail (Apparel)

Contact Info

Mayfair, 10 Grosvenor Street

W1K 4QY

United Kingdom

+44.20.73996500

https://www.abf.co.uk/

Executive Leadership

Michael George Alexander McLintock

Non-Executive Chairman of the Board

George G. Weston

Chief Executive, Executive Director

John George Bason

Finance Director, Executive Director

Paul A. Lister

Company Secretary

Emma Adamo

Non-Executive Director

Key Stats

2.09 mean rating - 22 analysts
Sell
Hold
Buy
Revenue (MM, GBP)

2018

15.6K

2019

15.8K

2020

13.9K

2021(E)

14.0K
EPS (GBp)

2018

134.900

2019

137.500

2020

81.100

2021(E)

73.754
Price To Earnings (TTM)
37.20
Price To Sales (TTM)
1.18
Price To Book (MRQ)
1.56
Price To Cash Flow (TTM)
10.99
Total Debt To Equity (MRQ)
40.34
LT Debt To Equity (MRQ)
35.09
Return on Investment (TTM)
3.13
Return on Equity (TTM)
2.58

Latest News

Latest News

Primark's sales fall short as COVID continues to take toll

Sales at fashion retailer Primark fell short of management expectations in its latest quarter, hit by public health restrictions in major markets to control the fast-spreading Delta coronavirus variant.

AB Foods raises profit outlook despite lower than expected Primark sales

Associated British Foods said sales at Primark were lower than expected in its fourth quarter but the group still raised its full year profit outlook thanks to strong profit margins in the fashion business and a robust performance from its food and sugar operations.

'Flying off the shelves': Primark sales soar in reopened markets

Primark's sales exceeded pre-pandemic levels and management expectations in its latest quarter as stores reopened after COVID-19 lockdowns and consumers splashed out to update their wardrobes.

AB Foods cheered by Primark's record reopening after profit slump

Associated British Foods reported a halving in first half profit after COVID-19 lockdowns shuttered its Primark fashion stores but said it saw record sales when they reopened.

Primark reopening has gone "fantastically well" - AB Foods CEO

The reopening of Primark stores in England and Wales on April 12 following COVID-19 lockdown has gone "fantastically well", with sales in the week since hitting a record high, the boss of its parent company Associated British Foods said on Tuesday.

Primark reopening has gone "fantastically well" -AB Foods CEO

The reopening of Primark stores in England and Wales on April 12 following COVID-19 lockdown has gone "fantastically well", with sales in the week since hitting a record high, the boss of its parent company Associated British Foods said on Tuesday.

UPDATE 1-AB Food's Primark fashion retailer pauses placing new orders in Myanmar

Primark owner Associated British Foods said the fashion retailer has paused placing new production orders in Myanmar in the wake of last month's military coup.

AB Food's Primark pauses placing new orders in Myanmar

Primark owner Associated British Foods said the fashion retailer has paused placing new production orders in Myanmar in the wake of last month's military coup.

Primark owner warns of 1.6 billion pound sales hit from lockdowns

Primark-owner AB Foods warned that lost sales from COVID-19 lockdown store closures would amount to 1.58 billion pounds ($2.23 billion) but said it expected strong trading when they reopened.

UK's Primark expects strong trading when stores reopen - finance chief

Associated British Foods expects its Primark fashion chain to trade strongly in the United Kingdom when stores are allowed to re-open again after COVID-19 lockdowns, its finance chief said on Thursday.

UK's Primark owner warns of 1.1 bln pound lockdown hit to sales

Primark-owner Associated British Foods warned on Thursday that the loss of sales from lockdown store closures for its first half to Feb. 27 would be 1.1 billion pounds ($1.6 billion).

UPDATE 2-Primark looks to recoup $579 mln of sales lost to lockdowns

* Sees Primark's 2020-21 sales, profit ahead of previous year

Primark seeing "phenomenal" trading after end of lockdowns -finance chief

Trading at Primark stores that reopened this week after COVID-19 lockdowns has been "phenomenal", the finance chief of the fashion chain's owner Associated British Foods said on Friday.

Primark won't venture online despite COVID hit to stores

Primark-owner Associated British Foods <ABF.L> has no plans to build an online business for the fashion retailer despite it recording a 63% slump in full-year profit due to COVID-19 lockdowns, the group said on Tuesday.

AB Foods says COVID won't prompt Primark online rethink: CEO

Primark-owner Associated British Foods <ABF.L> is not rethinking the lack of an online business at the fashion retailer despite the COVID-19 crisis causing prolonged store closures, its boss said on Tuesday.

Primark owner predicts $484 million sales hit from new lockdowns

Associated British Foods <ABF.L> has estimated the temporary closure of its Primark clothing stores in European markets due to new COVID-19 restrictions will cost it 375 million pounds ($484 million) in lost sales.

FTSE 100 bounces on weaker pound as no-deal Brexit fears rise; AB Foods jumps

London's FTSE 100 bounced from a near four-month low on Monday as the pound weakened on growing prospects of the UK leaving the European Union without a trade agreement, while Primark-owner Associated British Foods jumped on issuing a strong forecast.

AB Foods reassured by trading in reopened Primark stores

Associated British Foods said on Thursday that trading in its Primark fashion stores that have reopened after coronavirus lockdown has been "reassuring and encouraging".

Primark has placed "hundreds of millions" of pounds of new orders, says finance chief

British fashion retailer Primark has placed "hundreds of millions" of pounds worth of orders with suppliers for seasonal autumn/winter stock, the finance chief of its owner Associated British Foods said on Monday.

Primark to open all stores in England on June 15

Fashion retailer Primark is working to re-open all its 153 stores in England on June 15, in line with the country's easing of coronavirus lockdown restrictions, its owner Associated British Foods said on Monday.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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