PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2012
TOTAL PRODUCE CONTINUES EXPANSION WITH STRONG EARNINGS GROWTH
- Revenue(1) up 11.2% to €2.8 billion
- Adjusted EBITDA(1) up 17.8% to €70.4m
- Adjusted EBITA(1) up 21.4% to €54.6m
- Adjusted profit before tax(1) up 19.1% to €47.3m
- Adjusted EPS(1) up 12.0% to 8.11 cent
- Final dividend up 12.0% to 1.512 cent; total 2012 dividend up 10.0% to 2.079 cent
(1) Key performance indicators are defined overleaf
Commenting on the results, Carl McCann, Chairman, said:
"The Group is very pleased with its performance in 2012 having recorded strong growth of 12% in adjusted EPS.
Trading conditions since the start of 2013 have been satisfactory. The Group's activities are well diversified across Europe and, more recently in North America and Africa. During 2012, Total Produce acquired shareholdings in a number of companies, including Oppenheimer in North America, Frankort and Koning in the Netherlands and Capespan in South Africa. With the benefit of these and other transactions, the Group is targeting adjusted EPS for 2013 in the range of 8.0 to 8.8 cent per share. The Group is pleased to report a 12% increase in the final dividend which together with the interim dividend represents an overall increase of 10% in the full year dividend. The Group continues to actively pursue further investment opportunities."
5 March 2013
For further information, please contact:
Brian Bell,
Wilson Hartnell PR
Tel: +353-1-669-0030
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2012 Preliminary Results