Nov 05, 2024 / 09:00AM GMT
George Garfield Weston - Associated British Foods plc - Chief Executive Officer and Executive Director
Right. We good to go. Thank you all then very much for coming to this review of ABF full year results for the 52 weeks ended September 14, 2024. And I'm aware that there are some people online, and welcome to you too.
It's a much easier job delivering today's results to those of the last four years. They're really very strong. A substantial improvement in profitability with operating profit up 38%, adjusted earnings per share, up 39%. And then even better than the operating profit increase has been the increase in cash generation up to GBP1.4 billion. That's an increase of a cool GBP1.1 billion on last year. Material improvements in our return on capital employed increasing to 18.1% from 13.6% in the year before.
They're not just strong financial results. They're also -- we've also had a year of very good operational progress across the group. This has included strong execution in marketing campaigns, new product development and capital projects, the marketing campaigns, the product
Full Year 2024 Associated British Foods PLC Earnings Call Transcript
Nov 05, 2024
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