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Apr 21 2026, 08:42 IST/BST
Associated British Foods
Interim results: outlook broadly in line; Primark demerger announced
- Sectors : Foods
- Companies : Associated British Foods
DAVY VIEW
Associated British Foods’ (ABF) interim performance was broadly in line with expectations, albeit with continued softness in Sugar. Primark guidance has been held, with Middle East cost impacts assessed as ‘manageable in 2026’. Separately, ABF has announced the full demerger of Primark, with a targeted completion by the end of 2027. While this comes against a more challenging macro backdrop, we view this as a logical strategic development. The forward focus now turns to Primark’s strategy and its ability to deliver value creation as a standalone business.
