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2013 interim results announcement

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23 April 2013

ABF delivers an excellent set of interim results

Highlights

  • Group revenue up 10% to £6,333m
  • Adjusted operating profit up 20% at £496m *
  • Adjusted profit before tax up 25% to £452m *
  • Adjusted earnings per share up 22% at 41.9p *
  • Dividend per share up 10% to 9.35p
  • Net debt £1,337m after net capital investment of £334m
  • Operating profit up 21% to £459m, profit before tax up 26% at £415m and basic earnings per share up 23% to 38.9p

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

“This is an excellent set of results with adjusted operating profit up 20%, a stronger cash flow and a year-on-year reduction in net debt.  We are committed to the long-term development of our businesses through investment.  These results have been achieved through a focus on generating good returns from the investments we have made over recent years.”

* before amortisation of non-operating intangibles and profits less losses on the disposal of non-current assets.
 
All figures stated after amortisation of non-operating intangibles, profits less losses on the disposal of non-current assets, profits less losses on the sale and closure of businesses and exceptional items are shown on the face of the condensed consolidated income statement.

For further information please contact: 

Associated British Foods: 
Until 15.00 only
 
George Weston, Chief Executive 
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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