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May 30, 2006

IRELAND: Fyffes shares rise on 2006 financial guidance

Fyffes, one of the world’s largest fruit distributors, said today (30 May) that it expects its FY 2006 results to be in line with financial guidance issued earlier this month.

Fyffes, one of the world’s largest fruit distributors, said today (30 May) that it expects its FY 2006 results to be in line with financial guidance issued earlier this month.

Shares in Fyffes dropped sharply at the beginning of May when it predicted that full-year results would slip by EUR9m (US$11.5m) because it had not been able to pass higher fruit, shipping and fuel costs and less favourable exchange rates on to customers.

Speaking at Fyffes AGM in Dublin, the group’s chairman Carl McCann reiterated previous financial predictions.
 
By noon today (GMT), shares in Fyffes had subsequently risen by 2.13% to EUR1.44, from today’s opening price of EUR1.41.

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