Company Associated British Foods plc

Equities

ABF

GB0006731235

Food Processing

Market Closed - London S.E. 11:35:09 2024-04-19 am EDT 5-day change 1st Jan Change
2,447 GBX +0.20% Intraday chart for Associated British Foods plc +1.70% +3.38%

Business Summary

Associated British Foods plc is one of the largest European food processing groups. Net sales 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 (12.9%): Silver Spoon, Billington's brands, etc.;

- ingredients (10.9%): yeasts, flavorings, emulsifiers, sterols, esters, etc.;

- processed food products (10.1%): mainly cereal and animal feed.

The remaining sales (45.6%) are from clothing distribution (408 outlets located mainly in the United Kingdom, Ireland, Spain, Germany, the Netherlands, and Portugal under the Primark and Penneys names).

Net sales are distributed geographically as follows: the United Kingdom (36.8%), Europe and Africa (38.2%), Asia/Pacific (12.7%) and Americas (12.3%).

Number of employees: 133,000

Sales per Business

GBP in Million2022Weight2023Weight Delta
Retail
45.6 %
7,697 45.3 % 9,008 45.6 % +17.03%
Grocery
21.3 %
3,735 22.0 % 4,198 21.3 % +12.40%
Sugar
12.9 %
2,016 11.9 % 2,547 12.9 % +26.34%
Ingredients
10.9 %
1,827 10.7 % 2,157 10.9 % +18.06%
Agriculture
9.3 %
1,722 10.1 % 1,840 9.3 % +6.85%

Sales per region

GBP in Million2022Weight2023Weight Delta
United Kingdom
36.8 %
6,378 37.5 % 7,271 36.8 % +14.00%
Europe & Africa
28.9 %
4,746 27.9 % 5,716 28.9 % +20.44%
Spain
9.3 %
1,545 9.1 % 1,836 9.3 % +18.83%
United States
8.0 %
1,315 7.7 % 1,580 8.0 % +20.15%
Australia
7.1 %
1,232 7.2 % 1,407 7.1 % +14.20%
Asia Pacific
5.6 %
1,068 6.3 % 1,100 5.6 % +3.00%
Americas
4.3 %
713 4.2 % 840 4.3 % +17.81%

Managers

Managers TitleAgeSince
Chief Executive Officer 60 99-04-18
Director of Finance/CFO 52 23-01-31
Human Resources Officer - 18-12-31
Corporate Secretary 60 00-12-31

Members of the board

Members of the board TitleAgeSince
Director/Board Member 69 18-09-04
Chairman 62 17-10-31
Chief Executive Officer 60 99-04-18
Director/Board Member 69 21-02-28
Director of Finance/CFO 52 23-01-31
Director/Board Member - Nov. 30
Director/Board Member - 23-09-05
Director/Board Member 61 11-11-30
Director/Board Member 67 16-04-13

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 751,934,682 310,364,346 ( 41.28 %) 0 41.28 %

Shareholders

NameEquities%Valuation
Wittington Investments Ltd.
57.27 %
431,515,108 57.27 % 13 617 M p
Artisan Partners LP
2.343 %
17,655,492 2.343 % 557 M p
Royal Bank of Canada (Channel Islands) Ltd.
2.073 %
15,623,000 2.073 % 493 M p
FIL Investment Advisors (UK) Ltd.
1.468 %
11,060,598 1.468 % 349 M p
The Vanguard Group, Inc.
1.370 %
10,319,534 1.370 % 326 M p
Yacktman Asset Management LP
1.190 %
8,967,625 1.190 % 283 M p
BlackRock Fund Advisors
1.084 %
8,170,000 1.084 % 258 M p
Northern Trust Global Investments Ltd.
0.9899 %
7,458,800 0.9899 % 235 M p
BlackRock Investment Management (UK) Ltd.
0.8652 %
6,519,653 0.8652 % 206 M p
Norges Bank Investment Management
0.7931 %
5,976,000 0.7931 % 189 M p
NameEquities%Valuation
Karner Blue Capital LLC
0.000707 %
5,325 0.000707 % 168 036 p
RhumbLine Advisers LP
0.000272 %
2,046 0.000272 % 64 564 p
Capital Innovations LLC
0.000133 %
1,000 0.000133 % 31 556 p
GAMMA Investing LLC
0.000012 %
89 0.000012 % 2 808 p

Holdings

NameEquities%Valuation
542,084,186 75.98% 422,110,114 $
237,428,539 75.00% 333,601,343 $

Company contact information

Associated British Foods Plc

Weston Centre 10 Grosvenor Street

W1K 4QY, London

+44 20 7399 6500

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

Group companies

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

Sales per Business

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
24.47 GBP
Average target price
24.79 GBP
Spread / Average Target
+1.30%
Consensus

Quarterly revenue - Rate of surprise

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