Associated British Foods Trading Update – What The Analysts Said
Published on Feb 24 2020 12:59 PM in A-Brands tagged: Featured Post / AB Foods / Associated British Foods / Shore Capital / Primark / Davy / GlobalData / What The Analysts Said / Paywall / AJ Bell / Liberum
Associated British Foods has said in a trading statement that it expects sales and adjusted operating profits for the first half to be ahead of the corresponding period last year, however it warned of the potential impact of coronavirus on stocks at its Primark business.
'We expect strong growth in adjusted operating profit in the second half, driven by profit growth for Primark and a second half weighting of the AB Sugar profit recovery,' the company said.
Here's how leading industry analysts viewed its performance:
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