Fyffes reveal preliminary results
Fyffes has announced a total operating profit of €11.1m in the group's preliminary results for 2007 which were published today.
Group revenue in 2007 amounted to €553.4m while revenue in 2007 was 13.8%.
Commenting on the results, David McCann, chairman, said: "Fyffes has delivered strong organic revenue growth and a satisfactory operating profit in 2007, despite a challenging environment. The Group remains on course to double the size of its business by 2011 as targeted in its five year strategic plan.
"The significant cost inflation experienced by the industry last year is expected to increase further in 2008. Notwithstanding this, Fyffes is targeting a mid-single digit percentage increase in adjusted EBIT for 2008, excluding the anticipated positive impact of its recent entry into the US winter melon market.”
