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31 May 2019 07:00
Total Produce plc
Stock Exchange Announcement
Total Produce plc targeting growth in 2019
Total Produce, the leading international fresh produce company is pleased to confirm that the Group is targeting continued growth for 2019. The Group's full year earnings growth expectations remain unchanged, despite competitive markets and more uncertainty surrounding international trade.
As previously announced, on 31 July 2018 the Group completed the acquisition of a 45% stake in Dole Food Company (Dole), one of the largest fresh produce companies in the world. Dole is currently trading in line with expectations, and 2019 will be the first full-year incorporating the Group's share of Dole's results.
Subject to shareholder approval, a final dividend of 2.5140 cent per share will be paid on 6th June 2019 representing a 2.5% increase on last year.
Total Produce is in a strong financial position and the Dole transaction represents a very significant step and a continuation of the Group's successful expansion strategy.
31 May 2019
For further information, please contact:
Jennifer Carroll MacNeill, Wilson Hartnell PR
Tel: +353-1-669 0030
Ivan Murphy, Davy Corporate Finance
Tel: +353-1-679 6363
Any forward-looking statements made in this press release 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 contains and identifies 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.
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