ABF Posts Slightly Better-Than-Expected Fiscal Year 2021 Results -- Market Talk
09 Novembre 2021 - 09:21AM
Dow Jones News
Associated British Foods posted a slightly better-than-expected
set of results for the year ended Sept. 18, RBC Capital Markets
says. Ebit for the Primark and Sugar divisions was better than
forecast, whereas Grocery, Ingredients and Agriculture delivered in
line with expectations, the bank says. In addition, the special
dividend of 13.8 pence a share wasn't expected, RBC says. Moreover,
ABF expects Primark sales to increase by at least the GBP2 billion
lost because of closed stores in the last fiscal year, the bank's
analysts note. RBC has an outperform rating on the British
conglomerate with a 2,300 pence price target.
(jaime.llinares@wsj.com)
(END) Dow Jones Newswires
November 09, 2021 03:06 ET (08:06 GMT)
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