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2014 interim results announcement

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23 April 2014

Associated British Foods delivers 10% growth in earnings per share

Highlights

  • Group revenue down 2% to £6,206m
  • Adjusted operating profit up 1% at £497m *
  • Adjusted profit before tax up 4% at £468m *
  • Adjusted earnings per share up 10% at 45.8p *
  • Dividend per share up 4% to 9.70p
  • Net debt £827m after net capital investment of £328m
  • Operating profit up 2% to £463m, profit before tax up 6% at £434m and basic earnings per share up 12% to 43.2p

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

“The group as a whole has delivered a very resilient operational and financial result at a challenging time of transition for our European sugar business.”

* 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, and profits less losses on the sale and closure of businesses 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/Eleni Menikou, Citigate Dewe Rogerson
Tel: 020 7638 9571

Jonathan Clare
Tel: 07770 321881
 
After 15.00 
John Bason, Finance Director
Flic Howard-Allen, Head of External Affairs
Tel: 020 7399 6500
 

 

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