Business
Chairman's Address to AGM
Chairman's Address to AGM.
About this update from Associated British Foods Plc
[{"type":"text","content":"\n \nRNS Number : 8060Y Associated British Foods PLC 08 December 2017 \n\nChairman's Address to AGM\n \n8 December 2017\n \nAt this early stage in our new financial year, I would reiterate the outlook that we included in my statement in the annual report.\nPrimark's selling space expansion will continue and indeed we have already opened five new stores in addition to two relocations in this financial year to bring our total selling space to 14.2 million sq ft. With Primark margins in line with that of our last financial year, we expect an increase in Retail profit.\nProgress is expected from Grocery, Agriculture and Ingredients. In Sugar, higher volumes and lower costs will only partially mitigate the effect of much lower EU prices.\n \nAt current exchange rates we expect no material transactional or translational effect on profit.\n \nTaking all of these factors into account, at this early stage, we expect progress in adjusted operating profit and adjusted earnings per share for the group for this financial year.\n \n \n \n\n\n\n\nFor further information please contact:\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nAssociated British Foods:\n\n\n \n\n\n\n\nJohn Bason, Finance Director\nFlic Howard-Allen, Head of External Affairs\n\n\n \n\n\n\n\nTel: 020 7638 9571\n\n\n \n\n\n\n\nCitigate Dewe Rogerson:\nChris Barrie, Eleni Menikou\n\n\n\n\nTel: 020 7638 9571\n \nJonathan Clare\nTel: 07770 321881\n\n\n \n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END AGMLIFSAFLLTIID\n ","length":4122,"tagName":"div"}]