Total Produce solid performance

Total Produce has announced its preliminary 2014 results.    

Sales totaled 3.13 billion euros. The operating profit was EUR 47 million, an increase of 0.1%. Adjusted earnings per percent share ("Adjusted fully diluted EPS") were up 4.5% to 9.45 percent, the final dividend (Final dividend) increased by 6% to 1.763 cent per share.   

Carl McCann, President, commented: "Total Produce has made a strong performance in 2014, with an increase of 4.5% in earnings per share in a mixed year for the fresh produce industry".    

Total Produce continued to expand in 2014 with an investment of over € 22 million in Europe and North America. Just before the end of the year, the Group completed its fourth investment in North America with the acquisition of 50% Gambles, a fresh produce company based in Toronto (Canada). In 2015 the Group will continue the research policy of investment opportunities, to the benefit of the order of 9.2 to 10, 2 cents per share.

source : totalproduce.com