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9 May 2013 07:00
Fyffes plc
Stock Exchange Announcement
Fyffes maintains target for 2013
Fyffes is maintaining its target earnings ranges for the full year 2013 as set out below:
2013 Target Ranges | |
EBITDA | €36m - €42m |
EBITA | €27m - €33m |
Adjusted EPS | 7.5 cent - 9.2 cent |
The Group achieved a significant step up in profitability in the previous year and is focused on consolidating this higher earnings range. Fyffes continues to pursue the necessary increases in selling prices in all markets to offset the impact of cost inflation, including higher fruit costs and adverse exchange rate movements, as a result of US Dollar strength against both Sterling and the Euro.
Fyffes is actively reviewing a number of development opportunities in order to continue to grow the Group's business and increase shareholder value. The Company may also repurchase further Fyffes plc shares in the market from time to time, subject to shareholder approval.
EBITDA is earnings before interest, tax, depreciation and amortisation charges.
EBITA is earnings before interest, tax and amortisation charges.
Adjusted EPS excludes amortisation charges.
Fyffes plc
9 May 2013
For further information, please contact:
Brian Bell, Wilson Hartnell PR - Tel: +353 1 669 0030
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