Fruit importer Fyffes has reiterated its earnings forecasts for this year, despite what it calls 'significant and accelerating' cost inflation.
The company said it was still aiming for a low double-digit percentage increase in earnings per share, which was in line with current expectations in the markets.
But Fyffes said its targets assumed that it could secure increases in average selling prices of its products in all markets during the rest of the year. It also said the increase in profits in 2008 would be 'significantly weighted' towards the first half of the year.
