Business description: Associated British Foods plc

Associated British Foods plc is one of the largest European food processing groups. Net sales (not including sold divisions) break down by family of products as follows:

- grocery and bakery products (21.3%): tea (Twinings brand), oils (Mazola and Capullo), spices (Spice Islands and Durkee), jam, bread, biscuits, sauces, etc.;

- sugar (10.6%): Silver Spoon, Billington's brands, etc.;

- ingredients (10.6%): yeasts, flavorings, emulsifiers, sterols, esters, etc.;

- processed food products (8.4%): mainly cereal and animal feed.

The remaining sales (49.1%) are from clothing distribution (473 outlets located mainly in the United Kingdom, Ireland, Spain, Germany, the Netherlands, and Portugal under the Primark and Penneys names).

Net sales (not including sold divisions) are distributed geographically as follows: the United Kingdom (35.8%), Europe and Africa (39.6%), Americas (12.7%) and Asia/Pacific (11.9%).

Number of employees: 138,000

Sales by Activity: Associated British Foods plc

Fiscal Period: September 2021 (GBP) 2022 (GBP) 2023 (GBP) 2024 (GBP) 2025 (GBP)

Retail

5.59B 7.7B 9.01B 9.45B 9.49B

Grocery

3.6B 3.74B 4.22B 4.24B 4.15B

Ingredients

1.69B 2B 2.37B 2.13B 2.22B

Sugar

1.71B 2.1B 2.68B 2.53B 2.12B

Sugar - Discontinued Operation

- - - 70M 134M

Agriculture

1.54B 1.73B 1.85B 1.65B 1.62B

Central

-246M -257M -375M - -277M

Geographical breakdown of sales: Associated British Foods plc

Fiscal Period: September 2021 (GBP) 2022 (GBP) 2023 (GBP) 2024 (GBP) 2025 (GBP)

Europe & Africa

4.94B 6.29B 7.55B 7.83B 7.72B

United Kingdom

4.98B 6.38B 7.27B 7.3B 6.98B

The Americas

1.68B 2.03B 2.42B 2.51B 2.45B

Asia Pacific

2.28B 2.3B 2.51B 2.36B 2.31B

Asia Pacific - Discontinued Operations

- - - 70M -

Executive Committee: Associated British Foods plc

Manager TitleAgeSince
Chief Executive Officer 62 2005-03-31
Director of Finance/CFO 56 2025-03-30
Investor Relations Contact - -
Human Resources Officer - 2019-09-30
General Counsel 62 -

Composition of the Board of Directors: Associated British Foods plc

Director TitleAgeSince
Director/Board Member 71 2018-09-04
Chairman 64 2018-04-10
Director/Board Member 62 1999-04-18
Director/Board Member 58 2024-09-30
Director/Board Member 71 2021-02-28
Director/Board Member 54 2023-04-27
Director/Board Member - 2023-11-30
Director/Board Member - 2023-09-05
Director/Board Member 63 2011-11-30
Director/Board Member 56 2026-03-04

Shareholders: Associated British Foods plc

NameEquities%Valuation
Wittington Investments Ltd
59.7 %
421,243,985 59.7 % 10 458 M p
Artisan Partners LP
4.401 %
31,049,254 4.401 % 771 M p
Royal Bank of Canada (Channel Islands) Ltd.
2.213 %
15,612,000 2.213 % 388 M p
The Vanguard Group, Inc.
1.179 %
8,315,926 1.179 % 206 M p
Northern Trust Global Investments Ltd.
1.046 %
7,376,898 1.046 % 183 M p
NameEquities%Valuation
RhumbLine Advisers LP
0.000748 %
5,279 0.000748 % 131 056 p
GAMMA Investing LLC
0.000162 %
1,140 0.000162 % 28 302 p
Westside Investment Management LLC
0.00005 %
351 0.00005 % 8 714 p
Salomon & Ludwin LLC
0.000009 %
64 0.000009 % 1 589 p

Holdings: Associated British Foods plc

NameEquities%Valuation
237,428,539 75% 952 M $

Company details: Associated British Foods plc

Associated British Foods Plc

Weston Centre

W1K 4QY, London

+

http://abfpensions.com
address Associated British Foods plc(ABF)

Group companies: Associated British Foods plc

NameCategory and Sector
Food: Specialty/Candy
Food: Major Diversified
Agricultural Commodities/Milling
Apparel/Footwear Retail
Food Distributors

Other Food Processing

Change 5d. change 1-year change 3-years change Capi.($)
-0.36%-1.40%-14.06%-5.73% 16.76B
+1.55%+0.77%-9.72%-31.79% 255B
-0.87%-1.80%-7.47%-22.31% 77.58B
-1.00%-2.48%-17.58%+3.46% 45.56B
-1.24%+3.53%+60.38%+9.91% 38.75B
-1.00%+0.56%+17.98%-30.55% 37.93B
+0.38%-1.38%+142.77%+387.51% 36B
-4.93%+4.75%+58.90%+107.77% 31.77B
-2.01%-3.50%+18.67%+31.33% 28.75B
-1.67%-4.34%-17.38%-41.23% 27.18B
Average -1.12%-0.14%+23.25%+40.84% 59.55B
Weighted average by Cap. -0.09%+0.27%+10.07%+11.08%
Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
18
Last Close Price
17.94GBP
Average target price
18.73GBP
Spread / Average Target
+4.35%

Quarterly revenue - Rate of surprise

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