Nov 08, 2022 / 09:00AM GMT
George Garfield Weston - Associated British Foods plc - CEO & Executive Director
Well, welcome to this review of the annual results for ABF for the 52 weeks ended the 17th of September 2022. More of you have made it in not only sort of post pandemic, but also on days and things that are disruptive than I had expected. So thank you very much for making that effort. We've got quite a lot to go through, and so I'm going to move at pace through some of it, if I may.
So this is -- I mean we're delighted by the year that we've had. If I characterized it as ABF is back, I wouldn't be far off. Robust delivery in food in a very difficult environment with disruptive supply chain and lots of inflation. And then retail performance, Primark's performance strongly ahead. 10% sales growth at constant currency in food demonstrating pricing actions. And then adjusted operating profit for Sugar, Agriculture and Ingredients well ahead, I think, demonstrating the value of the diversity within the group.
Grocery has a good job recovering cash costs caused by inflation. Margin is bound to come down and U
Full Year 2022 Associated British Foods PLC Earnings Call Transcript
Nov 08, 2022
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