TOTAL PRODUCE CONTINUES STRONG GROWTH
- Total Revenue up 13.9% to €4.29 billion
- Adjusted fully diluted EPS up 11.7% to 13.48 cent
- Adjusted EBITDA up 10.1% to €104.4m
- Adjusted EBITA up 13.3% to €83.5m
- Profit before tax up 43.2% to €72.5m
- Total dividend up 10.0%
Key performance indicators are defined overleaf
Commenting on the results, Carl McCann, Chairman, said:
“Total Produce has delivered very positive results in 2017. Total revenue has increased by 13.9% to €4.29 billion with an 11.7% increase in adjusted earnings per share to 13.48 cent.
The Group announced on 1st February 2018 that it had acquired a 45% stake in Dole Food Company for $300m, subject to regulatory approval. It represents a very significant step in the history of Total Produce and a continuation of its successful acquisition and expansion strategy.
Total Produce is targeting continued growth in 2018, on a like-for-like basis.
The Group is also pleased to propose a 10% increase in final dividend to 2.4527 cent per share”
01 March 2018
For further information, please contact:
Brian Bell, Wilson Hartnell PR – Tel: +353-1-669-0030, Mobile: +353-87-243-6130