Preliminary results issued on Tuesday (5 March) by Irish fresh produce company Total Produce for the year to end 31 December 2012, have shown that revenue at the fruit company rose by 11.2 per cent to €2.8 billion last year.
Adjusted EBITDA was up 17.8 per cent to €70.4 million, while adjusted profit before tax was up 19.1 per cent to €47.3 million.
The period in question was a busy one for the company, as it acquired shareholdings in a number of companies, including Oppenheimer in North America, Frankort and Koning in the Netherlands and Capespan in South Africa.
Commenting on the results, Carl McCann, Chairman, said, "The Group is very pleased with its performance in 2012 having recorded strong growth of 12 per cent in adjusted EPS. Trading conditions since the start of 2013 have been satisfactory. The Group's activities are well diversified across Europe and, more recently in North America and Africa."
Total Produce also reported a 12 per cent increase in its final dividend, which together with the interim dividend represents an overall increase of 10 per cent in the full year dividend.
"The Group continues to actively pursue further investment opportunities," McCann added. (5 March)
© 2013 - ESM: European Supermarket Magazine
