Financial News

Total Produce profits reach €1.73bn in half-year report

By Business & Finance
03 September 2015
vegetables stock

The Group has announced an increase in revenue of 9.2% to €1.73bn and an adjusted EBITDA up 11.9% to €42.6m in its financial report for the first six months of 2015.

Interim dividend increased by 15% and adjusted profit before tax was also up 11.5% to €30.3m.

Total Produce today operates out of 100 facilities across 20 countries.

The company grows, sources, imports, packages and distributes over 200 lines of fresh fruits, vegetables and flowers.

The group distributes 300 million cartons of fresh produce to the retail, wholesale, foodservice and processing sectors across Europe and North America annually.

Commenting on the results, Carl McCann, chairman, said: “Total Produce has delivered a very strong performance for the first half of 2015. In February 2015, the Group completed its fourth investment in North America with a 50% investment in Gambles, a fresh produce company based in Toronto.

“The Group is pleased to announce a 15% increase in the interim dividend to 0.736 cent per share. The Group is now targeting increased full year earnings at the top end of the previously announced range of 9.2 to 10.2 cent per share.”

Photo: Cliff