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Total Produce Plc (TOT)

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Thursday 29 November, 2018

Total Produce Plc

Total Produce Pre-Close Statement

RNS Number : 8329I
Total Produce Plc
29 November 2018
 

 

Total Produce Pre-Close Statement

 

Total Produce Targeting Solid Results

 

Total Produce confirms that it continues to target adjusted EBITDA growth in the mid-single-digit range, excluding the 45% Dole contribution for the five months ending December 2018. The Company is also targeting 2018 full-year adjusted earnings per share on a like-for-like basis in line with 2017, excluding Dole and related share issue.

Fresh produce markets have experienced periods of shortage and periods of oversupply in 2018 caused by extended unusual weather conditions which impacted supply and demand and led to lower pricing.  

For 2019 including Dole, Total Produce is targeting an increase in the adjusted earnings per share in the mid-to-upper single-digit range over the 2018 adjusted earnings per share which excludes Dole.

 

 

29th November 2018

 

 

 

Brian Bell or Peter O'Brien, Wilson Hartnell PR

Tel: +353-1-669 0030

 

 

 

Any forward-looking statements made in this statement have been made in good faith based on the information available as of the date of the press release and are not guarantees of future performance.  Actual results or developments may differ materially from the expectations expressed or implied in this press release, and the Company undertakes no obligation to update any such statements whether as a result of new information, future events, or otherwise.   Total Produce's Annual Report and the Dole S-1 document contain and identify important factors that could cause these developments or the Company's actual results to differ materially from those expressed or implied in these forward-looking statements. 

 


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