TOTAL PRODUCE DELIVERS STRONG GROWTH IN 2015
- Revenue up 10.4% to €3.45 billion
- Adjusted fully diluted EPS up 12.0% to 10.58 cent
- Adjusted EBITDA up 13.4% to €82.8m
- Adjusted EBITA up 13.1% to €64.1m
- Adjusted profit before tax up 13.3% to €58.0m
- Total dividend increased by 15.0%
- Targeting 2016 adjusted fully diluted EPS in the range of 10.5 to 11.5 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 in 2015. Total revenue has grown 10.4% to €3.45 billion with a 12.0% increase in adjusted earnings per share to 10.58 cent. In February 2015, the Group increased its presence in North America with a 50% investment in Gambles, a fresh produce company in Toronto with reported sales of CAD $170m. Post year-end, the Group has continued its growth in North America with the acquisition of a 65% interest in Progressive Produce based in Los Angeles with annual sales of US $200m.
We are pleased to propose a 15.0% increase in the final dividend to 2.027 cent per share. The Group continues to actively pursue further investment opportunities and is targeting adjusted earnings per share for 2016 in the range of 10.5 to 11.5 cent per share.”
For further information, please contact:
Brian Bell, Wilson Hartnell PR – Tel: +353-1-669-0030, Mobile: +353-87-243-6130