Fyffes’ 2008 earnings targeted to be at the upper end of expectations
The Group expects further cost inflation in 2009 with higher fruit and shipping costs only partly offset by lower fuel costs. Fyffes is seeking significant increases in selling prices in all key markets.
Fyffes expects to deliver 2008 Adjusted EBIT in the order of €15m, at the upper of the range indicated in its previous trading update on 29 August 2008. Year end cash balances are expected to amount to €33m.