Associated British Foods PLC LSE:ABF:

  • TRADING UPDATE

  • IN SUGAR, DURATION AND SEVERITY OF MIDDLE EAST CONFLICT HAVE INCREASED GAS PRICE EXPECTATIONS FOR NEXT YEAR

  • ASIDE FROM SUGAR, OUR FULL YEAR OUTLOOK FOR GROUP IS UNCHANGED.

  • TO PROCEED WITH DEMERGER OF RETAIL AND FOOD BUSINESSES BEFORE END OF 2027

  • PRIMARK'S SALES GREW 3% IN Q3

  • Q3 GROUP REVENUE £5,304 MILLION

  • Q3 2026 GROCERY REVENUE £1043 MILLION, UP 1% AT CONSTANT CURRENCY

  • PRIMARK'S LIKE-FOR-LIKE SALES DECLINED 2.2% IN Q3

  • Q3 2026 SUGAR REVENUE £451 MILLION, DOWN 4% AT CONSTANT CURRENCY

  • PRIMARK EXPECTED TO DELIVER FY2026 ADJUSTED OPERATING PROFIT MARGIN OF ABOUT 10%

  • SUGAR EXPECTED TO DELIVER FY2026 ADJUSTED OPERATING LOSS OF £25 MILLION-£60 MILLION

  • EXPECT TO TAKE FURTHER ACTION TO LOWER OUR COST BASE GOING FORWARD, PARTICULARLY IN EUROPE.