Investors

2016 Interim Results

30 Aug 2016

TOTAL PRODUCE CONTINUES STRONG GROWTH

  • Revenue up 10.4% to €1.91 billion
  • Adjusted fully diluted EPS up 11.6% to 6.16 cent
  • Adjusted EBITDA up 13.0% to €48.2m
  • Adjusted EBITA up 13.2% to €37.9m
  • Adjusted profit before tax up 15.1% to €34.9m
  • Interim dividend up 10.0% to 0.8096 cent per share
  • Targeting increased full year earnings at the top end of the previously announced range of 10.50 to 11.50 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 the first six months of 2016. Revenue grew 10.4% with an 11.6% increase in adjusted earnings per share. The Group continued its expansion in North America in 2016, acquiring 65% of Progressive Produce, a company headquartered in Los Angeles. In addition, the Group made a number of other investments to complement its existing businesses. The Group continues to actively pursue further investment opportunities.

We are pleased to announce a 10.0% increase in the interim dividend to 0.8096 cent per share. The Group is now targeting increased full year earnings at the top end of the previously announced range of 10.50 to 11.50 cent per share.”

For further information, please contact:

Brian Bell, Wilson Hartnell PR –
Tel: +353-1-669-0030, Mobile: +353-87-243-6130

2016 Interim Results

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