TOTAL PRODUCE ANNOUNCES STRONG GROWTH IN EARNINGS
- Revenue up 9.2% to €1.73 billion
- Adjusted fully diluted EPS up 11.1% to 5.52 cent
- Adjusted EBITDA up 11.9% to €42.6m
- Adjusted EBITA up 10.9% to €33.5m
- Adjusted profit before tax up 11.5% to €30.3m
- Interim dividend increased by 15.0% to 0.736 cent per share
Key performance indicators are defined overleaf
Commenting on the results, Carl McCann, Chairman, said:
“Total Produce has delivered a very strong performance for the first half of 2015. Total revenue has grown 9.2% with an 11.1% increase in adjusted earnings per share. A stronger operational performance and recent acquisitions contributed to this earnings growth. In February 2015, the Group completed its fourth investment in North America with a 50% investment in Gambles, a fresh produce company based in Toronto.
The Group is pleased to announce a 15% increase in the interim dividend to 0.736 cent per share. The Group is now targeting increased full year earnings at the top end of the previously announced range of 9.2 to 10.2 cent per share.”
For further information, please contact:
Brian Bell, Wilson Hartnell PR
Tel: +353-1-669-0030
Mobile: +353-87-243-6130
2015 Interim Results