Fyffes plc (AIM: FFY) – No slip-ups yet in 2015 for the banana company
2015 has started well for Fyffes, a leading importer and distributor of tropical fruit, with profits in the year so far in-line with expectations. The Group continues to pursue necessary increases in selling price in all markets in response to the strengthening of the US Dollar against the Euro and Sterling.
The positive start to 2015 is very welcome as 2014 ended with minor disappointment as Fyffes lost out in their plan to buy fellow banana business Chiquita.
Despite this, in Europe, Fyffes remains the leader of the bunch, and has demonstrated consistently strong results in recent years. Today Fyffes reconfirmed its target earnings for 2015 with target EBITDA of €44m-€50m and Adjusted EPS of 10.0 cent – 11.8…
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