Download full report with analyst certification and important disclosures
Jan 16 2020, 09:00 GMT
Associated British Foods
Primark sales boosted by Eurozone performance
- Sectors : Foods
- Companies : Associated British Foods
DAVY VIEW
Associated British Foods’ (ABF) trading update points to a solid start to the year as the rebuild in Sugar profits begins to transpire. While Primark’s like-for-likes are likely to remain muted through 2020, a more benign FX backdrop should support margin in the second half. A notable improvement in German trading is welcomed. We remain constructive on the stock.
