Associated British Foods

Radically adjusting to the current circumstances

  • Sectors : Foods
  • Companies : Associated British Foods

Ratings and price correct at time of issue.

  • Associated British Foods

    Closing Price: 1759p

  • RATING 05/07/11

  • PREVIOUS RATING 03/11/10



Associated British Foods (ABF) has this morning announced the closure of all 376 stores across 12 countries. Management has moved decisively, seeking to mitigate 50% of its operating cost base. While the impact of COVID-19 on the Primark business is profound, ABF has the strongest balance sheet in its sector with substantial available liquidity. Importantly, ABF has seen no material impact on its non-retail businesses which continue to generate cash.

Download full report with analyst certification and important disclosures

Mar 23 2020, 09:15 GMT