Fruit importer Fyffes says it is expecting to deliver earnings before interest and tax of €15m for 2008, at the upper end of its expectations.
In a trading update, Fyffes says that there has been a significant adverse movement in exchange rates recently as a result of the strengthening of the dollar, especially in relation to sterling.
The group says it expects further cost inflation in 2009 with higher fruit and shipping costs only partially offset by lower fuel costs.
Fyffes says it will be seeking 'significant' increases in selling prices in all key markets.
It says it is targeting adjusted earnings for 2009 in the range of €14-18m, based on an expectation of achieving the necessary increases in selling prices.
