Over the past year shares in Associated British Foods have soared 54%, mainly on the success of Primark. However Sugar and Agri remain critical to the groups revenue and profits.
Shares in Associated British Foods, the company behind British Sugar and Primark have soared 54% over the last year.
While much of the success has been driven by the retail division, sugar and agriculture remain critical to the group. Last year sugar and agri together made up 30% of group revenue and contributed 41% to group operating profits.
However, last week the £13.3bn (€16.8bn) diversified food group said sugar sales have slumped 20% over the last 40 weeks, while analysts are expecting another major decline in sugar profits in 2014-15.
ADVERTISEMENT
The company, which also has a joint venture with Frontier Agri, stated that agriculture revenues were 10% behind last year in the quarter with lower commodity prices reducing sales values.
Meanwhile, their £1.1bn (€1.4bn) ingredients segment was particularly affected by the strength of sterling in the last quarter, with reported revenues 5% lower than last year.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
However, if you would like to share the information in this article, you may use the headline, summary and link below:
Title: AB Foods shares soar 54% over the last year
Over the past year shares in Associated British Foods have soared 54%, mainly on the success of Primark. However Sugar and Agri remain critical to the groups revenue and profits.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Shares in Associated British Foods, the company behind British Sugar and Primark have soared 54% over the last year.
While much of the success has been driven by the retail division, sugar and agriculture remain critical to the group. Last year sugar and agri together made up 30% of group revenue and contributed 41% to group operating profits.
However, last week the £13.3bn (€16.8bn) diversified food group said sugar sales have slumped 20% over the last 40 weeks, while analysts are expecting another major decline in sugar profits in 2014-15.
The company, which also has a joint venture with Frontier Agri, stated that agriculture revenues were 10% behind last year in the quarter with lower commodity prices reducing sales values.
Meanwhile, their £1.1bn (€1.4bn) ingredients segment was particularly affected by the strength of sterling in the last quarter, with reported revenues 5% lower than last year.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS