Fyffes sees revenue rise by 14.5%

Fruit distributor Fyffes has reported earnings growth of over 10% for 2011, with revenue for the year up by 14.5%.

Fyffes sees revenue rise by  14.5%

The Dublin-based group said its 2011 figures came in towards the top end of its target range with chairman David McCann noting “good organic growth across each of our product categories”.

Earnings before interest, tax, depreciation and amortisation (EBITDA) — excluding the group’s share in its property spin-off, Balmoral Land International — was up by 10.1%, at €29.6m. Revenue went from €742.1m to €850m.

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