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ASSOCIATED BRITISH FOODS (ABF)     

BAYLIS - 27 Feb 2012 09:58

Chart.aspx?Provider=EODIntra&Code=ABF&Si
businesses of Silver Spoon, Westmill Foods, Jordans Ryvita , AB World Foods Allied Bakeries, Kingsmill Allinsons (bread), Primark , Mazola (corn oil), Twinings (tea) and animal feeds.

Elephant Atta ethnic flour brand from Premier Foods

skinny - 27 Feb 2012 10:00 - 2 of 43

Pre Close Period Trading Update.

Associated British Foods plc issues the following update prior to entering the close period for its interim results to 3 March 2012, which are scheduled to be announced on 24 April 2012.

The interim results for the group will be in line with expectations with all segments delivering revenue growth. Adjusted operating profit for the group will be ahead of last year with an exceptionally strong performance from Sugar. Net financing costs in the first half will be higher than last year reflecting the higher level of net indebtedness during the period. Earnings per share for the first half are expected to be a little ahead of last year.

skinny - 24 Apr 2012 12:18 - 3 of 43

Associated British Foods plc announces its
interim results for the 24 weeks ended 3 March 2012

ABF delivers adjusted earnings growth of 5%


Highlights


· Group revenue up 11% to £5,766m

· Adjusted operating profit up 6% at £412m*

· Adjusted profit before tax up 3% to £363m **

· Adjusted earnings per share up 5% at 34.4p **

· Dividend per share up 8% to 8.5p

· Net debt £1,592m after net capital investment of £326m

· Operating profit up 6% to £378m, profit before tax up 3% at £329m and basic earnings per share up 4% to 31.7p

George Weston, Chief Executive of Associated British Foods, said:

"The group delivered good growth in revenue and profit. AB Sugar and Primark both performed strongly, demonstrating continuing momentum. We expect substantial growth in both adjusted operating profit and adjusted earnings per share for the group for the full year."


* before amortisation of non-operating intangibles and profits less losses on the disposal of non-current assets

** before amortisation of non-operating intangibles, profits less losses on the disposal of non-current assets, and profits less losses on the sale and closure of businesses.



All figures stated after amortisation of non-operating intangibles, profits less losses on the disposal of non-current assets, and profits less losses on the sale and closure of businesses are shown on the face of the condensed consolidated income statement.

dreamcatcher - 07 Jul 2012 07:17 - 4 of 43

Associated British Foods which on Friday announced the acquisition of the Elephant Atta ethnic flour brand from Premier Foods , updates the market on Thursday. Attention will probably be on the group's Primark clothing chain, as usual, but the Elephant Atta purchase is a useful reminder that there is more to the company than Primark. Panmure Gordon expects the tone of the trading update to be similar to the previous report with "strong earnings growth expected to be delivered for the year to September, driven by particularly impress growth in the Sugar division."

skinny - 12 Jul 2012 07:05 - 5 of 43

Interim Management Statement.

Highlights

· Group revenue year to date up 11%

· AB Sugar substantially ahead

· Primark sales growth of 16% year to date at constant exchange rates

· Group trading outlook for the full year in line with expectations

dreamcatcher - 08 Sep 2012 23:09 - 6 of 43

Associated British Foods reports on Monday, and although its Primark stores will garner their usual quota of interest, the Sugar division is likely to be the outstanding performer.

skinny - 10 Sep 2012 08:26 - 7 of 43

Trading Statement

dreamcatcher - 02 Nov 2012 16:09 - 8 of 43

Food and textile firm Associated British Foods has been a big success story, with its shares having piled up 25% over the past 12 months to 1,386p -- pretty good for an £11 billion FTSE 100 giant.

On Tuesday, the company will deliver full-year results, and they should be good. September's pre-close update said that second-half operating profit should be "substantially ahead of last year and in line with expectations", suggesting current forecasts for a 16% rise in earnings per share are on the mark.

It's a quality company, but like most it's highly valued, with the shares on a price-to-earnings (P/E) ratio of 16. That's higher than the FTSE average, and the dividend is only likely to be around 2%.

skinny - 06 Nov 2012 07:04 - 9 of 43

Final Results

Financial Highlights

· Group revenue up 11% to £12.3bn

· Adjusted operating profit up 17% to £1,077m*

· Adjusted profit before tax up 17% to £974m**

· Adjusted earnings per share up 18% to 87.2p**

· Dividends per share up 15% to 28.5p

· Net capital investment of £707m

· Net debt of £1,061m

· Operating profit up 4% to £873m, profit before tax level at £761m and basic earnings per share up 2% to 70.3p

dreamcatcher - 11 Jan 2013 16:08 - 10 of 43

It's not a particularly seasonal company, but Associated British Foods should be releasing a first-quarter update on Thursday. The company had a very strong 12 months to September 2012, with revenue rising by 11% to £12.3 billion. That led to a 17% boost to pre-tax profit and an 18% jump in adjusted earnings per share, and allowed the company to lift its dividend by 15%.

The share price responded well, too, storming up nearly 40% during the year, to peak at 1,597p before falling back in recent weeks to 1,507p. We have a couple of years of modest earnings growth forecast for this year and next, with a dividend yield of around 2% expected.

skinny - 17 Jan 2013 07:04 - 11 of 43

Interim management Statement

Highlights

· Group revenue up 10%
· Outstanding sales performance from Primark
· Trading for the remaining businesses in line with expectations

Trading performance

Group revenue for the first 16 weeks was 10% ahead of last year. Revenue growth by business segment was:

dreamcatcher - 20 Apr 2013 23:34 - 12 of 43

Associated British Foods boosted as profits soar almost half at Primark

By Neil Craven, Financial Mail On Sunday

PUBLISHED: 22:38, 20 April 2013 | UPDATED: 22:38, 20 April 2013


Primark is on course to become the main driver behind its parent group’s profits after a surge in international sales growth.


On Thursday, Associated British Foods will reveal a 44 per cent leap in profits to £222million at the discount clothing retailer for the first half of its financial year, say analysts. That means it contributes almost half of ABF’s profits and exceeds the contribution of the group’s sugar and grocery divisions, which own the Silver Spoon and Twinings tea brands.


Total profits before central costs are deducted are expected to rise 14 per cent to £468million. Primark accounts for about a third of ABF’s £12.3billion sales, with agriculture, sugar, grocery and ingredients accounting for the rest.



Main driver: Primark accounts for about a third of ABF's £12.3billion sales


Primark has embarked on an international expansion plan and has stores in Ireland, Spain, Portugal, Germany, Holland, Belgium and Austria. It is picking up trade as cash-strapped consumers look for discounts.


The growth comes against the background of a deteriorating market for many other chains'


The Business, Innovation and Skills Select Committee launched an inquiry last month into the state of the retail sector and the effects of the Mary Portas review commissioned two years ago.


The British Independent Retailers Association confirmed it had submitted its views to the committee by last Monday’s deadline. It is understood to have called for a review of the method of calculating business rate rises, which has led to above-inflation increases, and more help for independent shop owners to gain a foothold on the internet.


dreamcatcher - 22 Apr 2013 21:59 - 13 of 43


Tuesday's agenda: AB Foods to benefit from another stunning Primark performance

April 22 2013, 6:30pm
Panmure Gordon predicts a 44% jump in profits at PrimarkPanmure Gordon predicts a 44% jump in profits at Primark


Primark, Primark, Primark. That's all you ever seem to read about when results from Associated British Foods (LON:ABF) are announced.

So it should be no surprise that Panmure Gordon is predicting "a stunning performance by Primark" when the group announces half-year figures on Tuesday.

The broker predicts a 15.9% rise in earnings per share (EPS) to 39.9p, and 16.3% profit before tax growth to £422mln.

"The key driver of growth in H1 is expected to be a 44% jump in profits at Primark and a 31% rise in Grocery (the latter primarily reflecting lower restructuring charges this year). Net debt is expected to fall sharply, from £1592m in March 2012A to c.£1250m in March 2013E," Panmure Gordon said.

dreamcatcher - 23 Apr 2013 07:10 - 14 of 43


Half Yearly Report

RNS


RNS Number : 8983C

Associated British Foods PLC

23 April 2013






For release 23 April 2013



Associated British Foods plc announces its

interim results for the 24 weeks ended 2 March 2013


ABF delivers an excellent set of interim results





Highlights




·

Group revenue up 10% to £6,333m


·

Adjusted operating profit up 20% at £496m *


·

Adjusted profit before tax up 25% to £452m *


·

Adjusted earnings per share up 22% at 41.9p *


·

Dividend per share up 10% to 9.35p


·

Net debt £1,337m after net capital investment of £334m


·

Operating profit up 21% to £459m, profit before tax up 26% at £415m and basic earnings per share up 23% to 38.9p




George Weston, Chief Executive of Associated British Foods, said:



"This is an excellent set of results with adjusted operating profit up 20%, a stronger cash flow and a year-on-year reduction in net debt. We are committed to the long-term development of our businesses through investment. These results have been achieved through a focus on generating good returns from the investments we have made over recent years."






*

before amortisation of non-operating intangibles and profits less losses on the disposal of non-current assets.









All figures stated after amortisation of non-operating intangibles, profits less losses on the disposal of non-current assets, profits less losses on the sale and closure of businesses and exceptional items are shown on the face of the condensed consolidated income statement.


dreamcatcher - 23 Apr 2013 07:14 - 15 of 43


Dividend Declaration

RNS


RNS Number : 9736C

Associated British Foods PLC

23 April 2013






23 April 2013



Associated British Foods plc



Interim dividend for the year ending 14 September 2013





Further to the announcement released earlier today by Associated British Foods plc (the 'Company') of its interim results for the 24 weeks ended 2 March 2013, the Company confirms that a net interim dividend of 9.35 pence per share will be paid on 5 July 2013 to shareholders on the Company's register of members at the close of business on 7 June 2013.

The Company operates a dividend reinvestment plan ('DRIP'). The final date for receipt or withdrawal of elections under the DRIP will be 14 June 2013

dreamcatcher - 23 Apr 2013 17:07 - 16 of 43

LONDON (SHARECAST) - Associated British Foods: Panmure Gordon ups target price from 1750p to 1800p keeping a hold recommendation

dreamcatcher - 02 May 2013 09:33 - 17 of 43

In on 7th July 2012 @ 1290 (400 shares) just sold for 1941

skinny - 11 Jul 2013 07:02 - 18 of 43

Interim Management Statement

Highlights

· Group revenue year to date up 9%
· AB Sugar sales and profit remain on track for the full year
· Primark year to date sales 22% ahead
· No change in expectation of good progress in full year adjusted earnings per share

skinny - 11 Jul 2013 08:11 - 19 of 43

Chart.aspx?Provider=EODIntra&Code=ABF&Si

HARRYCAT - 20 Nov 2013 08:52 - 20 of 43

Ex-div wed 4th Dec (22.65p)

BAYLIS - 17 Dec 2013 15:40 - 21 of 43

OVER 23 AGAIN
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