DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

Total Produce Posts 10.4% Increase In Revenue In H1

By Steve Wynne-Jones
Share this article
Total Produce Posts 10.4% Increase In Revenue In H1

Fresh-produce giant Total Produce has posted a 10.4% increase in revenue to €1.91 billion in the first six months of the year, according to an interim management statement issued on 30 August.

The company's adjusted EBITDA was up 13%, to €48.2 million, for the period.

The period in question saw the group acquire 65% of Progressive Produce, a company headquartered in Los Angeles, as well as a number of other, 'complementary' businesses.

“Total Produce has delivered a very strong performance in the first six months of 2016," said chairman Carl McCann. "Revenue grew 10.4%, with an 11.6% increase in adjusted earnings per share."

McCann added that Total Produce "continues to actively pursue further investment opportunities".

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.