Associated British Foods Results Presentation Deck
Business highlights
Strong performance in demanding environment
Continued momentum across Retail
Revenues well ahead, supported by selective pricing and well received ranges
Lower operating profit margin reflecting pricing strategy
Space expansion on track with 27 new stores
Continued investment in digital capability
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Significant growth at Ingredients
Good growth in Grocery led by international brands, US focused brands and recovery in Allied Bakeries
Sugar sales well ahead, profitability ahead but impacted by British Sugar crop challenges and Vivergo
Lower profitability in Agriculture due to tough market conditions
Investment of £1.2bn driving increased capacity and capability
Good progress on ESG priorities
£500m share buyback programme completed; new £500m programme announced
Total dividends of 60.0p per share, up 37% to last year
Associated
British Foods
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