5th May 2005 15:04
Fyffes PLC05 May 2005 Fyffes announces continued strong trading in the first four months of 2005 In a trading update released to the Stock Exchange today, Fyffes plc said: "Market conditions have remained favourable through the first four months of2005, contributing to a significant increase in adjusted profit before tax andearnings per share, excluding exceptional items, compared to the same periodlast year. In particular, this reflects a very strong performance in theGroup's Continental European operations and includes the first time contributionfrom Everfresh in Sweden, which was acquired in May 2004. The Group continues to pursue prices increases to address the lower marginsbeing achieved in its UK/Ireland operations and the significant cost inflationbeing experienced by the industry. Given this positive start to the year, and notwithstanding the strongperformance recorded in the second half of 2004, Fyffes is now targeting adouble digit increase in adjusted earnings per share for the full year 2005,ahead of current market expectations." 5 May 2005 For further information please contact: Brian Bell, Wilson Hartnell PR Tel: +353-1-6690030 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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