Get the app today! Download iPhone App Download Android App

Associated British Foods Trading Update – What The Analysts Said

Published on Feb 26 2021 8:19 AM in A-Brands tagged: Trending Posts / Associated British Foods / Shore Capital / Davy / GlobalData / Paywall / AJ Bell

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.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email