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ABF at a glance

Who we are

Associated British Foods is a highly diversified group, with a range of food and ingredients businesses as well as our retail brand, Primark. We are united in our purpose: to provide safe, nutritious and affordable food, and clothing that is great value for money.

We work hard every day to create long-term value for our shareholders and our stakeholders which include our customers, employees and suppliers.


Our businesses

Our breadth is one of our greatest strengths.

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Retail

Primark is a leading international retailer with over 18.8 million sq ft of selling space across more than 451 stores in 17 countries. We are famous for offering great value for customers and we pride ourselves on our wide selection of products, from everyday essentials to the latest trends, all at prices everyone can afford.

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Grocery 

Grocery comprises consumer-facing businesses that manufacture and market a variety of well-known household brands both nationally and internationally, including Twinings, Ovaltine, Patak’s, Kingsmill, Jordans, Tip Top, Yumi’s and Mazola. 

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Ingredients

Ingredients is comprised of our two specialty Ingredients businesses, AB Mauri and ABF Ingredients. 

Our Ingredients businesses are dedicated to understanding the key requirements of their customers and end-use markets in order to ensure a relevant supply of ingredients, systems, products and technology that create value. We develop partnership relationships with customers to achieve a genuine understanding of their products, formulations, equipment and processes and the market environment in which the products are sold. 

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Sugar

In Europe, Azucarera is the largest producer in Iberia and British Sugar is the sole processor of the UK beet sugar crop. Illovo Sugar Africa is the biggest sugar processor in Africa and has operations in Eswatini, Malawi, Mozambique, South Africa, Tanzania and Zambia. 

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Agriculture

With a detailed understanding of agriculture and animal nutrition importance in the global food supply chain, our philosophy is to help change it for the better; influencing and improving food production, so that everyone can eat nutritious food that is produced safely and responsibly.

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Our global presence 

  

138,000

Employees worldwide

Operating in

56

countries

Customers in

100+

countries


ABF in numbers - 2024

Our financial performance comes from the strength of our brands, the diversity of our products and markets, our geographic spread, conservative financing and an organisation design that permits fast and flexible decision-taking.

£20.1bn

Group revenue

£1,998m

Adjusted operating profit*

£1,281m

Gross investment*


193.7p

Basic earnings per share

£1,932m

Operating profit

£1,917m

Profit before tax


£1,957m

Adjusted profit before tax*

196.9p

Adjusted earnings per share*

£1,044m

Net cash before lease liabilities*


£2,021m

Net debt including lease liabilities*

18.1% 

Return on average capital employed* (‘ROACE’) 

90.0p

Dividends per share (including special dividend)


57% 

Women in the workforce

2,868 kt

ABF Group scope 1 & 2

451

Primark stores with 18.8m sq feet of total selling space


*Alternative Performance Measures (APMs) as defined on pages 206 to 210 in the Annual Report.


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