Apr 26, 2022 / 08:00AM GMT
George Garfield Weston - Associated British Foods plc - CEO & Executive Director
Should we get started? I'm noisy. Look, thank you all very much for turning up in person for coming here to this review of the interim results for the 24 weeks ended the 5th of March 2022, and welcome to all of you listening online as well.
If I starts, if I may, with first half business highlights, these -- so it's really satisfying the sales and operating profits for the first half have returned to pre-COVID years. After 2 years of real struggle, we're back. In food, yes, we're affected by inflation, but the operational performance, the project management is all really resilient. Cost-reduction exercises and projects go on across the group, extensive pricing actions taken, but inevitably, there's a lag in financial recovery.
Input cost inflation is very high, logistics supply chains are still challenged. And in some parts of the world, there are still COVID-related labor absences in our business, Australasia in particular. Sugar has had the first -- has a good first half. We're not everywhere victims
Half Year 2022 Associated British Foods PLC Earnings Call Transcript
Feb 12, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers