Total Produce has reported higher sales and earnings for 2012.
The fruit and vegetable distributor said pre-tax profits were up 7.9% in the 12 months to end-December, climbing to EUR37.1m (US$48.3m). EBITDA at the group’s fresh produce business increased 17.3%, while EBITDA at the firm’s health food segment more than doubled, rising from EUR1.2m to EUR3.2m.
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The group said earnings growth was driven by higher sales. Total revenues were up 11.2%, rising to EUR2.8bn from EUR2.5bn last year.
The company added that trading so far this year had been satisfactory.
