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2013 Annual Results Announcement

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5 November 2013

Another record year for ABF

Financial Highlights

  • Group revenue up 9% to £13.3bn      
  • Adjusted operating profit up 10% to £1,185m*   
  • Adjusted profit before tax up 13% to £1,096m**   
  • Adjusted earnings per share up 13% to 98.9p**   
  • Dividends per share up 12% to 32.0p
  • Net capital investment of £600m    
  • Net debt reduced to £804m   
  • Operating profit up 25% to £1,093m, profit before tax up 15% to £876m and basic earnings per share up 6% to 74.8p

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

“I am delighted to report that the group has again delivered a great set of results. Grocery was much improved, Agriculture achieved record profits, Sugar was in line with our expectations and it was a remarkable year for Primark.”

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

All adjustments to profit measures are shown on the face of the consolidated income statement.

For further information please contact:

Associated British Foods:
Until 15.00 only

John Bason, Finance Director
Tel: 020 7638 9571

Chris Barrie/Nicola Swift, Citigate Dewe Rogerson
Tel: 020 7638 9571

Jonathan Clare
Tel: 07770 321881

After 15.00
John Bason, Finance Director
Tel: 020 7399 6500

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