29 Nov 2018 07:00
Total Produce Pre-Close Statement
Total Produce Targeting Solid Results
Total Produce confirms that it continues to target adjusted EBITDA growth in the mid-single-digit range, excluding the 45% Dole contribution for the five months ending December 2018. The Company is also targeting 2018 full-year adjusted earnings per share on a like-for-like basis in line with 2017, excluding Dole and related share issue.
Fresh produce markets have experienced periods of shortage and periods of oversupply in 2018 caused by extended unusual weather conditions which impacted supply and demand and led to lower pricing.
For 2019 including Dole, Total Produce is targeting an increase in the adjusted earnings per share in the mid-to-upper single-digit range over the 2018 adjusted earnings per share which excludes Dole.
29th November 2018
Brian Bell or Peter O'Brien, Wilson Hartnell PR
Tel: +353-1-669 0030
Any forward-looking statements made in this statement have been made in good faith based on the information available as of the date of the press release and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in this press release, and the Company undertakes no obligation to update any such statements whether as a result of new information, future events, or otherwise. Total Produce's Annual Report and the Dole S-1 document contain and identify important factors that could cause these developments or the Company's actual results to differ materially from those expressed or implied in these forward-looking statements.