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30 Apr 2015 07:00
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Stock Exchange Announcement
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Fyffes reconfirms earning target for 2015
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Fyffes has delivered a positive performance in the early months of 2015, with profits in the year to date in line with expectations. The Group continues to pursue necessary increases in selling prices in all markets in response to the significant strengthening of the US Dollar against the Euro and Sterling. Fyffes is maintaining its target earnings range for 2015 as set out in the following table:
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2015 Target Ranges | |
EBITDA | β¬44m - β¬50m |
EBITA | β¬36m - β¬42m |
EBIT | β¬36m - β¬42m |
Adjusted EPS | 10.0 cent - 11.8 cent |
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Having achieved a significant step up in profitability in 2014, the Group is focused on consolidating this higher earnings range. Fyffes remains very confident about the future prospects of its business and is well placed to compete strongly in its key markets, following important strategic and operational developments in recent years.
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Fyffes continues to actively pursue a number of development opportunities in order to grow the Group further and increase shareholder value. The Company may also repurchase further Fyffes shares in the market from time to time, subject to shareholder approval at its Annual General Meeting today.
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Fyffes plc
30 April 2015
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For further information, please contact:
Brian Bell, Wilson Hartnell PR - Tel: +353 1 669 0030
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