Total Produce continues strong growth in 2019
- Total Revenue up 22.4% to €6.2 billion
- Adjusted EBITDA up 52.1% to €202.8m
- Adjusted EBITA up 53.1% to €150.1m
- Adjusted profit before tax up 27.9% to €98.3m
- Adjusted fully diluted EPS (pre-IFRS 16 Leases) up 41.4% to 14.86 cent
- Adjusted fully diluted EPS (post-IFRS 16 Leases) up 34.3% to 14.12 cent
- Final dividend up 2.5%
Key performance measures are defined on pages 33 to 37
Commenting on the results, Carl McCann, Chairman, said:
“We are pleased that the Group has delivered a strong performance in 2019 with a 41.4% increase in adjusted fully diluted earnings per share. This is the first year to include twelve months contribution from Dole Food Company, Inc. The Group acquired 45% of Dole for $300m on 31 July 2018.
The Group is monitoring Covid-19 and, while it is too early to form a definitive view, any disruption is not expected to be material.
Trading in early 2020 has been satisfactory and the Group is targeting continued growth.
The Group is also pleased to report a 2.5% increase in the final dividend to 2.5770 cent per share.”
For further information, please contact:
Brian Bell, Wilson Hartnell PR – Tel: +353-1-669-0030, Mobile: +353-87-243-6130