Sainsbury (J) PLC (STU:SUY1)
€ 3.214 0 (0%) Market Cap: 7.49 Bil Enterprise Value: 13.25 Bil PE Ratio: 112.58 PB Ratio: 0.95 GF Score: 72/100
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Full Year 2019 J Sainsbury PLC Earnings Call Transcript

May 01, 2019 / 08:30AM GMT
Release Date Price: €2.52
Martin A. Scicluna
J Sainsbury plc - Non-Executive Chairman

Good morning, everybody. Good morning. Thank you for joining us at the prelim results presentation.

I'm here for a very brief couple of seconds. I took over as Chairman a few weeks ago, so I thought I'd introduce myself. I'm Martin Scicluna. I know why you're here. You're here to listen to Mike and Kevin. First off is Kevin. So Kevin, the floor is yours. Thank you.

Kevin O;Byrne
J Sainsbury plc - CFO, Member of the Operating Board & Director

' -

Thank you, Martin. Good morning, everyone. Thank you very much for joining us for our results this morning.

Just to kick off with a sort of a summary of the year. And the results we're, obviously, presenting today are for the 52 weeks to the 9th of March. And in that period, we delivered underlying profits of GBP 635 million, up 8% year-on-year. This was driven by good profit performance in the food business, the delivery of synergies from the Argos integration and reduced interest costs. And we delivered GBP 220 million

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