Associated British Foods Plc (ABF) is a subsidiary of Wittington Investments Ltd, is a diversified food processing and retail group. The company's major businesses include sugar, ingredients, grocery, agriculture and retail. It also offers hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, herbs and spices, ethnic foods and meat products. ABF processes sugar beet and sugar cane for sale to industrial users. The company manufactures animal feeds and other related products and services for the agriculture sector, and bakers’ yeast, bakery ingredients, enzymes, lipids, yeast extracts and cereal specialties. ABF serves diverse industries including agriculture, pharmaceutical, retail and food. The company operates across Europe, Africa, the Americas, and Asia-Pacific. ABF is headquartered in London, Greater London, the UK.
Headquarters
United Kingdom
Address
Mayfair, 10 Grosvenor Street, London, W1K4QY
Website
www.abf.co.uk
Telephone
44 20 73996500
No of Employees
132,273
Industry
Consumer Packaged Goods
Ticker Symbol & Exchange
ABF (LON)
Revenue (2023)
$23.4B
-0.4%
(2023 vs 2022)
EPS
XXX
Net Income (2023)
XXX
5.1%
(2023 vs 2022)
Market Cap*
$18.3B
Net Profit Margin (2022)
XXX
5.5%
(2023 vs 2022)
* As of and is in US$
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Products and Services
| Products | Brands |
|---|---|
| Grocery: | Allinson |
| Hot Beverages | Askeys |
| Sugar and Sweeteners | Argo |
| XXX | XXX |
| XXX | XXX |
| XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Corporate Changes/Expansions | In December, Primark opened a new store in New York. |
| 2022 | Plans/Strategy | In December, Primark announced its plans to open 10 shops. |
| 2022 | Plans/Strategy | In December, the company announced its plans to open 27 new stores by the end of the financial year in 2023. |
Competitor Comparison
| Key Parameters | Associated British Foods Plc | Nestle SA | Danone SA | Kellogg Co | Kerry Group plc |
|---|---|---|---|---|---|
| Headquarters | United Kingdom | Switzerland | France | United States of America | Ireland |
| City | London | Vevey | Paris | Battle Creek | Tralee |
| State/Province | - | - | - | Michigan | - |
| No. of Employees | 132,273 | 276,000 | 98,105 | 31,000 | 25,195 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael McLintock | Chairman | Executive Board | 2018 | 61 |
| George Weston | Chief Executive Officer; Director | Executive Board | 2005 | 58 |
| Eoin Tonge | Chief Financial Officer | Senior Management | 2022 | - |
| John Bason | Director - Finance; Director | Executive Board | 1999 | 65 |
| Paul Lister | Secretary | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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