Fyffes predicts double-digit earnings increase for 2005

Fyffes has predicted a double-digit increase in adjusted earnings per share for 2005, as market conditions remain favourable and the ISEQ-listed company prepares to include the contribution of Sweden’s Everfresh, acquired in May 2004.

A trading statement released today said: “The group continues to pursue prices increases to address the lower margins being achieved in its UK/Ireland operations and the significant cost inflation being experienced by the industry.”