PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2013

TOTAL PRODUCE INCREASES EARNINGS BY 10.5%

  • Total revenue (1) up 13.0% to €3.2 billion
  • Adjusted EBITDA(1) up 6.7% to €74.1m
  • Adjusted EBITA(1)  up 9.4% to €58.7m
  • Adjusted profit before tax (1) up 12.5% to €52.9m
  • Adjusted fully diluted EPS (1)  up 10.5% to 8.77 cent
  • Final dividend up 10.0% to 1.66 cent

(1) Key performance indicators are defined overleaf

Commenting on the results, Carl McCann, Chairman, said:

"Total Produce has recorded a strong performance in 2013 with total revenue increasing by 13.0% to €3.2 billion and adjusted earnings per share increasing by 10.5% to 8.77 cent per share. The Group's growth is primarily driven by successful acquisitions completed in recent years including the investment in Oppenheimer in North America.

We are also pleased to announce a 10% increase in the final dividend to 1.66 cent per share. The Group actively continues to pursue further investment opportunities and is targeting adjusted earnings per share for 2014 in the range of 8.4 cent to 9.4 cent per share".

4 March 2014

For further information, please contact:

Brian Bell, Wilson Hartnell PR - Tel: +353-1-669-0030, Mob +353-87-243-6130

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