Associated British Foods PLC AGM Trading Update (1233J)
09 Dicembre 2022 - 8:00AM
UK Regulatory
TIDMABF
RNS Number : 1233J
Associated British Foods PLC
09 December 2022
For release 9 december 2022
Associated British Foods plc
AGM Trading update
Associated British Foods plc is holding its Annual General
Meeting today. At the meeting the Chairman, Michael McLintock, will
say:
"Today I am providing a trading update for the Group for this
financial year, further to our Annual Results Announcement on 8
November.
Our outlook for the full year is unchanged. We continue to
expect further significant input cost inflation, but the volatility
of our input costs has diminished.
We continue to expect the aggregate profit of our Food
businesses to be ahead of our last financial year.
At this early stage, Primark trading in this financial year has
been encouraging. We are on track to open 27 new stores this
financial year, ten of these opening in the run-up to Christmas,
and to date we have opened six new stores, including one today in
Angers, France.
For the full year, we continue to expect significant growth in
sales for the Group, and adjusted operating profit and adjusted
earnings per share to be lower than the previous financial
year."
For further information please contact:
Associated British Foods:
Tel: 020 7399 6545
John Bason, Finance Director
Chris Barrie, Corporate Affairs Director
Citigate Dewe Rogerson:
Tel: 020 7638 9571
Holly Gillis
Tel: 07940 797560
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