Total Produce Plc Total Produce Pre-Close Statement (8329I)
November 29 2018 - 2:00AM
UK Regulatory
TIDMTOT
RNS Number : 8329I
Total Produce Plc
29 November 2018
Total Produce Pre-Close Statement
Total Produce Targeting Solid Results
Total Produce confirms that it continues to target adjusted
EBITDA growth in the mid-single-digit range, excluding the 45% Dole
contribution for the five months ending December 2018. The Company
is also targeting 2018 full-year adjusted earnings per share on a
like-for-like basis in line with 2017, excluding Dole and related
share issue.
Fresh produce markets have experienced periods of shortage and
periods of oversupply in 2018 caused by extended unusual weather
conditions which impacted supply and demand and led to lower
pricing.
For 2019 including Dole, Total Produce is targeting an increase
in the adjusted earnings per share in the mid-to-upper single-digit
range over the 2018 adjusted earnings per share which excludes
Dole.
29(th) November 2018
Brian Bell or Peter O'Brien, Wilson Hartnell PR
Tel: +353-1-669 0030
Any forward-looking statements made in this statement have been
made in good faith based on the information available as of the
date of the press release and are not guarantees of future
performance. Actual results or developments may differ materially
from the expectations expressed or implied in this press release,
and the Company undertakes no obligation to update any such
statements whether as a result of new information, future events,
or otherwise. Total Produce's Annual Report and the Dole S-1
document contain and identify important factors that could cause
these developments or the Company's actual results to differ
materially from those expressed or implied in these forward-looking
statements.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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