Total Produce raises annual earnings outlook
Chairman Carl McCann also reiterated to shareholders at the company’s AGM in Dublin that mangement is continuing to pursue “attractive acquisition opportunities” in order to further expand the business.
The company — which grew revenues last year by 9% to €3.76bn and profits by 17% to €67.7m — said trading for the first four months of 2017 has been “satisfactory”. On the back of that, management has raised its full-year earnings expectations — now saying it expects adjusted earnings per share, for 2017, to come in at the upper end of the previously-announced 12c-13c range.
