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Carl Collen


Total Produce on course

Fresh produce giant is targeting solid yearly results

Total Produce on course

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Total Produce has confirmed that it is continuing to target adjusted EBITDA growth in the mid-single-digit range for the financial year.

This figure excludes the 45 per cent Dole contribution for the five months ending December 2018.

According to a statement, the company is also targeting 2018 full-year adjusted earnings per share on a like-for-like basis in line with 2017, excluding Dole and related share issue.

"Fresh produce markets have experienced periods of shortage and periods of oversupply in 2018 caused by extended unusual weather conditions which impacted supply and demand and led to lower pricing," the group explained. "For 2019 including Dole, Total Produce is targeting an increase in the adjusted earnings per share in the mid-to-upper single-digit range over the 2018 adjusted earnings per share which excludes Dole."

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