IRELAND: Total Produce ups earnings forecast

By: just-food.com | 28 May 2008

Total Produce, the Ireland-based firm, has today (28 May) upped its earnings forecast for 2008.

The company, which was spun off from fruit giant Fyffes last year, said it was "upgrading" its earnings per share forecast from "mid-single digit growth" to "a mid-to-upper single-digit increase".

"Total Produce has completed the first four months of its financial year and, with the benefit of 2007 acquisitions, the performance has been good," the company said.

The company has been busy expanding its business across Europe in recent months. Last week, it said it had bought a majority stake in two Dutch salad firms in a deal that could reach EUR23m (US$36.1m).

Sectors: Fresh produce

Companies: Total Produce, Fyffes