Associated British Foods Trading Update – What The Analysts Said
Associated British Foods has said in a trading update that it expects revenue and profit in its Grocery, Sugar, Agriculture and Ingredients businesses in the first half to be ahead of last year, however its Primark arm is expected to lose sales worth £1.1 billion (€1.27 billion) in the period.
'As a consequence of the restrictions placed on Primark we expect sales, adjusted operating profit and adjusted earnings per share for the group to be lower than last year,' the group said.
Here's how leading industry analysts viewed its performance.
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