Fyffes - food industry company news 
IRELAND: Banana recovery boosts Fyffes H1 profits
5 September 2011
Improved profits from Fyffes' banana operations has helped drive an increase in half-year earnings at the Ireland-based produce firm.
IRELAND: Fyffes ups profit forecast
12 May 2011
Fresh produce group Fyffes has upped its annual profit forecast amid success in increasing banana prices.
IRELAND: Falling banana profits weigh on Fyffes in 2010
2 March 2011
Lower profits from bananas have weighed on annual earnings at Ireland-based produce company Fyffes.
GERMANY: Fyffes buys minority stake in produce distributor VanWylick
27 January 2011
Ireland-based produce giant Fyffes has bought a minority stake in German distributor Fruchtimport vanWylick.
IRELAND: Fyffes earnings to beat previous targets
12 January 2011
Irish produce group Fyffes has said it expects 2010 earnings to be ahead of previous targets.
GERMANY: Fyffes to promote Bio Organic Banana
16 September 2010
Produce group Fyffes is launching a campaign in Germany to promote its Fyffes Bio Organic banana.
IRELAND: Fyffes books slide in H1 profits
3 September 2010
Irish produce group Fyffes said trading conditions were difficult for much of the first half of the year as it booked a drop in profits.
IRELAND: Fyffes sees profits weighted to H2
26 April 2010
Irish produce group Fyffes has indicated that “difficult market conditions” will place greater emphasis on its second-half performance for it to meet its profit targets.
COMMENT: Ireland's food sector reeling from downturn
26 March 2010
Recent news of Irish food companies battling the tough conditions - from Origin Enterprises reporting a fall in earnings to job losses at Musgrave - has come as no surprise to anyone who has followed the plight of the country's economy in the last 24 months. What remains less certain, is when and where the sector will begin to recover. Chris Brook Carter reports.
IRELAND: Fyffes cuts profit forecast for 2010
5 March 2010
Irish fruit group Fyffes lowered its outlook for the coming year after posting a jump in full-year profits for 2009.
IRELAND: Fyffes expects earnings at top-end of target
11 January 2010
Irish produce company Fyffes said it expects 2009 earnings to be at the top end of its September forecast.
IRELAND/EU: Fyffes benefit from EU banana deal questioned
16 December 2009
Fyffes has been named as a possible beneficiary of the EU deal on banana tariffs although industry experts have argued that it remains to be seen what impact the deal will have on the Ireland-based fruit giant.
IRELAND: Fyffes benefits from recession
7 September 2009
Irish fresh produce group Fyffes has benefited from increased banana consumption during the recession, a spokesperson for the group told just-food.
IRELAND: Fyffes H1 earnings jump, raises outlook
4 September 2009
Fyffes has raised its outlook for the full year, as the Irish produce company posted a jump in first-half pre-tax profits, driven by higher selling prices and gains from currency hedging.
IRELAND: Fyffes ups earnings target
26 June 2009
Shares in Irish produce company Fyffes jumped 10% this morning (26 June) after the company said that it expected to exceed its previous earnings guidance.
IRELAND: Fyffes reaffirms earnings target
13 May 2009
Ireland-based produce group Fyffes said today (13 May) that it remains “on course” to meet its earnings targets for this year.
IRELAND: Fyffes acquires Panama pineapple plant
12 May 2009
Irish fruit distributor Fyffes has bought a pineapple plantation and related production assets from Agroindustries Golden West in Panama.
IRELAND: Fyffes profits sink on costs, investments
10 March 2009
Irish fruit distributor Fyffes revealed today (10 March) that full-year profits plummeted due to a loss from a property investment and increased costs.
IRELAND: Fyffes positive on earnings outlook
7 January 2009
Irish fruit company Fyffes said today (7 January) that it expects to deliver earnings before interest and tax of EUR15m (US$20.2m) for fiscal 2008.
IRELAND: Fyffes outlook gloomy despite profit lift
11 September 2008
Fyffes, the fresh produce group, has again reiterated its concerns fir the second half of 2008 despite posting a jump in underlying pre-tax profits for the first half of the year.
IRELAND: Fyffes reaffirms outlook despite costs pressures
26 June 2008
Fyffes has re-affirmed its targeted increase in earnings for 2008, despite accelerating costs. The fresh produce group said that it continues to target an increase in adjusted EBIT for the full year.
IRELAND: Total Produce ups earnings forecast
28 May 2008
Total Produce, the Ireland-based firm, has today (28 May) upped its earnings forecast for 2008.
IRELAND: Fyffes sees profit on track
24 April 2008
Irish fruit group Fyffes said today (24 April) that it expects annual profits to increase in the “mid-teens”, in line with expectations.
IRELAND: Fyffes settles insider trading case
15 April 2008
Irish food group Fyffes has told just-food that it is “extremely satisfied” with the EUR37.6m (US$59.6m) payout it will receive to settle its insider trading lawsuit with industrial holding company DCC.
Fairtrade - from the church hall to the supermarket
4 March 2008
Buoyed by changing consumer values and increasing interest from major corporations, the Fairtrade movement has gathered pace in many European markets over recent years, and sales of Fairtrade foods, such as bananas, coffee and chocolate, have grown rapidly. Ben Cooper reports on a campaigning and, more crucially, a brand-marketing success story.
IRELAND: Buoyant bananas fail to cheer Fyffes
7 February 2008
Ireland-based produce group Fyffes saw full-year profits fall in 2007 due to rising fuel costs, the company said today (7 February).
Top stories on just-food this week
4 January 2008
Here is your chance to catch up on what's been hot on the just-food news pages with this week's Most Read list. Please click on the links provided to find out more.
IRELAND: Fyffes raises 2007 expectations
4 January 2008
Irish fresh produce group Fyffes has said it expects 2007 results to be ahead of current expectations.
IRELAND: Fyffes foray into US winter melon
3 January 2008
Fyffes has made a foray into the US winter melon business with the acquisitions of a 60% stake in Florida-based firm and a number of firms in Honduras and Guatemala.
EU: Fruit producers in EU cartel raids
3 December 2007
The EU has carried out raids at a number of unnamed exotic fruit producers and importers as part of a probe into alleged price-fixing.
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Fyffes plc (FFY) - Financial and Strategic SWOT Analysis Review
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Fruit & Vegetables Market Report
The UK market for fresh fruit and vegetables was worth an estimated £9.52bn in 2010, representing a 4.3% increase on 2009 figures and a 29.5% increase on 2006. The UK, along with a number of other countries, has been severely affected by rising food-price inflation in recent years, which has pushed up the cost of fruit and vegetables significantly over the past 5 years, despite pressure on producers to keep prices as low as possible during the recent economic downturn. As with the majority of the food industry, supermarkets dominate sales of fruit and vegetables in the UK. These large retailers are highly competitive in terms of pricing and thus must be able to purchase produce at the cheapest possible price in order to pass these savings onto the consumer. In this way, the retail price of fruit and vegetables has been mitigated somewhat in spite of the spike in food-price inflation seen in recent years.
