Fyffes says it is now targeting a double digit increase in adjusted earnings per share for 2005, ahead of market expectations.
In a trading statement today, Fyffes says that market conditions have remained favourable during the first four months of 2005, contributing to a significant increase in adjusted profit before tax and earnings per share compared to the same time a year ago.
'In particular, this reflects a very strong performance in the group's Continental European operations and includes the first time contribution from Everfresh in Sweden, which was acquired in May 2004,' the statement says.
The group says it is continuing to pursue price increases to address the lower margins being achieved in its Irish and British operations and the significant cost inflation being experienced by the industry.
Fyffes shares closed seven cent higher at €2.30 in Dublin this evening.
