29th Jun 2005 07:00
Fyffes PLC29 June 2005 Strong trading performance continues at Fyffes In a pre-close statement released to the Stock Exchange today, in advance ofreporting its interim results in early September, Fyffes plc said: "The momentum of the early months of the year has continued throughout the firsthalf, mainly as a result of favourable market conditions, particularly in theGroup's Continental European operations. With the benefit of this very positivestart to the year and notwithstanding the strong performance achieved in thesecond half of 2004, Fyffes' current target for full year 2005 is an increase inadjusted earnings per share, excluding exceptional items, in the mid teens inpercentage terms, ahead of current market expectations. This outturn will be weighted towards the seasonally stronger first half, withadjusted earnings per share for the first six months currently expected to be inthe order of 40% ahead of the same period last year. Fyffes is maintaining its focus on improving the profitability of its UK/Irelandoperations and counteracting significant cost inflation across the Group. Under agreements entered into during the first half of the year, Fyffes isintending to invest a further €22 million in new properties to accommodate thecontinuing development of its Produce activities in a number of locations acrossEurope, with Edinburgh being the largest of these. The Group also intends toseek proposals in relation to the development of its existing valuable propertyin Edinburgh." 29 June 2005 For further information please contact: Roddy Guiney or Andrew McLindon, 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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