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Sugar Weighs Heavily On ABF, But Is Primark Still A Panacea? Analysis

Published on Apr 17 2018 2:30 PM in A-Brands tagged: Featured Post / Sugar / Associated British Foods / Primark / ABF / Paywall

Sugar Weighs Heavily On ABF, But Is Primark Still A Panacea? Analysis

Having seen European sugar prices drop quite considerably last year, there was always likely to be a stand out takeaway from the first half results from Associated British Foods, which were published earlier today.

ABF's AB Sugar division saw a 12% decline in revenue (at constant currency levels) to £938 million, which was down from £1.08 billion the previous year.

Adjusted operating profit at the division was down 24%.

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