The picture is more mixed across the rest of ABF though with the firm’s grocery operations proving vulnerable.
ABF chairman Michael McLintock said: “We are seeing significant cost increases in energy, logistics and commodities in addition to the impact of widely reported port congestion and road freight limitations.”
“Our businesses are working to offset the impact of these through cost savings.”
“Where necessary, our food businesses will also implement price increases.”
Costs have already had to increase on some brands across its grocery business including Kingsmill, Twinnings and Ryvita.