Fyffes shares up 10% on marked earnings upgrade

Fyffes’s share price jumped over 10% yesterday, after the Dublin-headquartered international fruit distribution giant increased its full-year earnings guidance for 2015 by over 20%.

In a brief trading update yesterday, the company said it now anticipates full-year earnings before interest, tax, depreciation, and amortisation of €55m to €61m.

This is up by around 23% on the previous €44m to €50m range guided. Furthermore, earnings before interest, tax, and amortisation guidance has been increased by 21% to a €44m to €50m range, from €36m to €42m.