Irish produce firm Fyffes upped an earnings target for 2013 after seeing sales and profits grow in the first half of the year.
The fruit group said today (5 September) sales were up 6.4% year-on-year, rising to EUR585.4m (US$772.2m) in the six months to 30 June. EBITDA was up 1.3% to EUR23.1m and profit before tax rose 1.1% to EUR22.2m.
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Commenting on the results, chairman David McCann emphasised the group was “pleased” to have grown its business further after “a significant step up in profit in 2012”.
“Trading conditions have remained positive in the early months of the second half,” McCann added.
Fyffes raised its target EBITA range for the full year 2013 from EUR27m-EUR33m to EUR29m-EUR34m. The group booked EBITDA of EUR30.5m in 2012.
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