Fyffes has achieved an improved performance since the last trading update at the announcement of its half-year results in September.
In an update on its current trading position the group has predicted that its 2003 full-year results are now expected to be more than 4 million euros ahead of September expectations. The group now expects to report profits, before exceptional items and goodwill amortisation, for 2003 close to 2002 results.
A number of transactions arose during the year, which will be reported as exceptional items including the disposal of several properties, the termination of certain operations and other one-off costs.
A Fyffes spokesman said: “With the announcement of our half-year results it was forecasted that profits would be down by approximately 8m euros. However, conditions have improved since September, mainly across continental Europe and year-end results will be similar to 2002.”