Creating value together

Associated British Foods is a diversified group, with a wide range of food and ingredient businesses as well as our flagship retail brand, Primark. We are united by our purpose to provide safe, nutritious and affordable food, and clothing that is great value for money.

2021 Group financial highlights

As at 18th September 2021


Group revenue 


Adjusting operating profit 


Adjusted profit before tax


Adjusted earnings per share


Dividends per share


Special dividend per share


Gross investment 


Net cash before lease liabilities 


Net debt including lease liabilities


Operating profit 


Profit before tax


Basic earnings per share

Chairman's statement

The economic effects of the measures taken by governments to restrict the COVID-19 pandemic were evident in the financial results for our last financial year and in the results for this financial year. The Board recognises that a Group of our scale and significance has responsibilities to many stakeholders. I want to say thank you once again to every employee for their hard work and determination in these difficult times.

Michael McLintock


Chief Executive's statement

We have the people and the cash resources to seize the opportunities ahead and look to the future with confidence.

George Weston

Chief Executive

Financial review

For the full year, the Board has proposed a final dividend of 20.5p per share giving a full year dividend of 26.7p per share. Further, the Board has declared the payment of a special dividend, to be paid as a second interim dividend, of 13.8p per share.

John Bason

Finance Director

Creating long-term value

Our businesses in action

Read our latest case studies to see our businesses in action.

Our business model

Our way of operating – entrepreneurial but also financially prudent and focused on the long term – has achieved growth over many years and creates long-term value for our shareholders and other stakeholders alike.

Responsibility Update

Read about the positive role we play, both socially and environmentally, in our latest responsibility update.

Our use of cookies

We use necessary cookies to make our site work. We’d also like to set optional analytics cookies to help us improve it. We won’t set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookie policy

Analytics cookies

We’d like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone.

For more detailed information about the cookies we use, see our Cookie policy