Fyffes has announced that it has maintained its target earnings for 2013, as it looks to consolidate the higher earnings range established in 2012 after a 'significant step up in profitability'.
The Irish group has set out an EBITDA target of €36m-€42m, an EBITA target of €27m-€33m, and an adjusted earnings per share target of 7.5 cent-9.2 cent.
This year will see Fyffes continue to to pursue selling price increases across its markets as it looks to offset the impact of cost inflation, including higher fruit costs and adverse exchange rate movements, as a result of US dollar strength against both sterling and the euro, the company explained.
'Fyffes is actively reviewing a number of development opportunities in order to continue to grow the group’s business and increase shareholder value,' a statement read. 'The Company may also repurchase further Fyffes plc shares in the market from time to time, subject to shareholder approval.'
