Summary Dr. Schar AG/SpA - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Dr. Schar AG SpA (Dr. Schar) is a provider of nutritionally balanced food products. The company markets gluten free, lactose-free, and oil and margarine comprising medium chain fatty acids. Its product...
A director at Associated British Foods bought 4,164 shares at 2,389p and the significance rating of the trade was 62/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...
Summary Strauss Group Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Strauss Group Ltd (Strauss Group) manufactures, markets, and sells food products and non-alcoholic beverages. The company's product portfolio comprises of yogurts, soft cheeses, dairy desserts, flavor...
Summary Greencore Group Plc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Greencore Group Plc (Greencore) is a manufacturer of convenience foods and ingredients. The company offers a range of chilled, frozen and ambient foods, such as sandwiches, chilled ready meals, chil...
1H’23 results are in line with guidance, with group sales up 21% yoy and adj. operating profits down -3% yoy. Primark sales grew +10% LfL (UK +14%, C. Europe +8%) but profitability declined to 8.3% (vs. 11.7% in 1H’22) driven by gross margin pressure from a weaker £ and higher freight rates, as well as higher labour and energy costs. FY’23E guidance has been reiterated with adj. operating profit and adj. EPS expected to be in line with last year. Primark FY’23E adj. operating margin is expected ...
AB Foods reported a strong 1Q’23 with group sales +20% yoy and +22% vs. pre-pandemic. Primark LfLs were +11% LfL, ahead of the group’s expectations (but probably in line with market expectations), with a very strong Christmas. Food businesses sales were +17% on constant FX driven by price actions to recover cost inflation and higher sugar prices. Group full year guidance has been maintained with lower Sugar and better ingredients performance than previously expected. We expect consensus numbers ...
The general evaluation of ASSOCIATED BRIT.FOODS (GB), a company active in the Food Products industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date November 12, 2021, the closing pri...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Item 2: Remuneration report Amid the Covid-19 pandemic, Associated British Foods (ABF) closed all Primark stores in Europe and the US. So far Covid-19 has cost the group some £2bn of sales, £650m in lost profit and a cash outflow of £800m. ABF received £98m of state help under government job retention schemes across Europe. The Board decided not to declare dividends for the FY2019/20. The Total Shareholder Return lost 15.3% during the financial year under review and 34.4% over the last three ye...
ABF proposes several amendments to its remuneration policy (Item 3). The new provisions of the UK Corporate governance code claim for alignment of executive and all employee pension benefits. The Company does not comply: the pension is only cut for new joiners. Mr. G. Weston, the CEO, continue benefiting from an extremely generous defined benefit plan aiming to offer 2/3 of pensionable pay at retirement. Moreover, we note that remuneration outcomes vary largely during the last 10 years confirm...
In its current form, Associated British Foods Plc (ABF LN) suffers from an extreme dichotomy between its largely commodity-based Grocery, Agriculture, Sugar and Ingredients segments and its high-volume, low-price Retail (Primark) segment. Based on our analysis, the management has done little to maintain value creation over the past few years compared to peers and the Index, and shareholders will benefit from substantial hidden upside if Primark were to be separated from the other businesses. Wh...
Associated British Foods reported results for the 40 weeks to June 22, with group revenue up 3% (up 2% at actual exchange rates), broadly in line with our expectations. Management reiterated fiscal 2019 guidance for flat adjusted operating profit and adjusted earnings per share, significantly lower AB Sugar profit (largely reflected in the first half), and strong Primark space growth. We maintain our no-moat rating and GBX 2,660 fair value estimate. Primark's outperformance (a significant inc...
Associated British Foods reported results for the 40 weeks to June 22, with group revenue up 3% (up 2% at actual exchange rates), broadly in line with our expectations. Management reiterated fiscal 2019 guidance for flat adjusted operating profit and adjusted earnings per share, significantly lower AB Sugar profit (largely reflected in the first half), and strong Primark space growth. We maintain our no-moat rating and GBX 2,660 fair value estimate. Primark's outperformance (a significant incr...
In Associated British Foods' interim results for the 24 weeks to March 2, both top-line and bottom-line growth across the businesses of the group were in line with our expectations. Management reiterated fiscal 2019 guidance for flat adjusted operating profit and adjusted earnings per share, significantly lower AB Sugar profit, and strong Primark space growth. We maintain our no-moat rating and GBX 2,660 fair value estimate. The shares are now trading in the 3-star territory after a 10% rally ...
In Associated British Foods' interim results for the 24 weeks to March 2, both top-line and bottom-line growth across the businesses of the group were in line with our expectations. Management reiterated fiscal 2019 guidance for flat adjusted operating profit and adjusted earnings per share, significantly lower AB Sugar profit, and strong Primark space growth. We maintain our no-moat rating and GBX 2,660 fair value estimate. The shares are now trading in the 3-star territory after a 10% rally ...
In Associated British Foods' pre-close interim results update for the 24 weeks to March 2, both top-line and bottom-line growth across the businesses of the group were in line with our expectations. Management reiterated fiscal 2019 guidance for flat adjusted operating profit and adjusted earnings per share. We maintain our no-moat rating and GBX 2,660 fair value estimate. Primark's outperformance continues, with the company expecting sales up 4% (at both constant and actual exchange rates) d...
Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to a...
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