Business
Results for 53 weeks ended 18 September 2021
Results for 53 weeks ended 18 September 2021.
About this update from Associated British Foods Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7201R\n Associated British Foods PLC\n 09 November 2021\n \n \n \n \n \n \n For release 9 November 2021\n Annual Results Announcement\n Year ended 18 September 2021\n \n \n \n \n \n Associated British Foods plc results for 53 weeks ended 18 September 2021\n \n \n Strong delivery in food; retail trading and margin recovering\n \n \n Financial Headlines\n \n \n \n \n \n \n \n \n \n \n Actual currency\n change\n \n \n Constant currency\n change\n \n \n \n \n Group revenue\n \n \n £13,884m\n \n \n In line\n \n \n +1%\n \n \n \n \n Adjusted operating profit\n \n \n £1,011m\n \n \n -1%\n \n \n +2%\n \n \n \n \n Adjusted profit before tax\n \n \n £908m\n \n \n -1%\n \n \n \n \n \n \n \n Adjusted earnings per share\n \n \n 80.1p\n \n \n -1%\n \n \n \n \n \n \n \n Dividends per share\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n - Interim\n \n \n 6.2p\n \n \n \n \n \n \n \n \n \n \n \n - Final\n \n \n 20.5p\n \n \n \n \n \n \n \n \n \n \n \n - Special\n \n \n 13.8p\n \n \n \n \n \n \n \n \n \n \n Gross investment\n \n \n £721m\n \n \n \n \n \n \n \n \n \n \n Net cash before lease liabilities\n \n \n £1,901m\n \n \n \n \n \n \n \n \n \n \n Net debt including lease liabilities\n \n \n £1,380m\n \n \n \n \n \n \n \n \n \n \n Statutory operating profit\n \n \n £808m\n \n \n In line\n \n \n \n \n \n \n \n Statutory profit before tax\n \n \n £725m\n \n \n +6%\n \n \n \n \n \n \n \n Basic earnings per share\n \n \n 60.5p\n \n \n +5%\n \n \n \n \n \n \n Statutory operating profit of £808m for the year was broadly in line with the statutory operating profit of £810m last year and is stated after charging net exceptional items of £151m this year compared to £156m in the last financial year.\n \n \n \n Strong delivery in food\n \n \n \n \n \n ̶\n \n \n \n \n Combined revenue up 5%1 and adjusted operating profit up 10% to £760m1\n \n \n \n \n \n ̶\n \n \n \n \n Sugar: very strong performance, adjusted operating profit up 75%1\n \n \n \n \n \n ̶\n \n \n \n \n Grocery: brand investment and strong international growth\n \n \n \n \n \n ̶\n \n \n \n \n Progress in Agriculture and Ingredients\n \n \n \n \n Retail trading and margin recovering\n \n \n \n \n \n ̶\n \n \n \n \...