Associated British Foods Plc ( (ASBFY) ) has released its Q4 earnings. Here is a breakdown of the information Associated British Foods Plc presented to its investors.
Associated British Foods Plc is a diversified international group operating in the food, ingredients, and retail sectors, known for its significant presence in Europe, the Americas, Asia, Africa, and Australia, with a mission to provide safe, nutritious, affordable food, and value-for-money clothing.
In the latest annual results, Associated British Foods (ABF) reported substantial financial growth, with revenue reaching £20,073 million, representing a 4% increase at constant currency. Notable improvements were seen in operating profit and earnings per share, reflecting the company’s strong performance and strategic investments across its diversified portfolio.
Key financial highlights include a 32% rise in adjusted operating profit to £1,998 million and a 39% increase in adjusted earnings per share to 196.9p. The Retail segment, led by Primark, demonstrated significant growth with a 51% rise in adjusted operating profit, thanks to successful store expansions and increased digital engagement. ABF’s food businesses also contributed positively, with the Grocery and Ingredients segments showing robust profit growth, driven by strong brand performances and strategic acquisitions.
Looking ahead, ABF’s management remains optimistic about future growth opportunities. The company plans to continue its store rollout program, particularly in Primark’s growth markets in Europe and the US, while maintaining its focus on sustainable practices and strategic investments. Despite expected challenges in the Sugar segment due to pricing pressures, ABF is confident in its long-term strategy to deliver value for stakeholders.
