AB Sugar had a strong fourth quarter

Associated British Foods

Monday, September 13, 2021

AB Sugar had a strong fourth quarter and revenue for the full year is expected to be 7% ahead of last year. This growth was driven by particularly strong domestic and regional volumes for Illovo as well as by higher prices in Europe and Africa. Adjusted operating profit will be ahead of expectation and substantially ahead of last year. All businesses continued to deliver savings from the ongoing performance improvement programme. We expect demand in the European market to be in excess of production again this coming year.

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