Tuesday August 11, 2020

Comment - Slip-ups but no surprises in Fyffes’ results

There’s lots of scope for dubious puns about banana skins and melons when writing about Fyffes’ results, which were released on Friday.

24th March, 2007

Overall, the earnings per share figure of 5.7c for both Fyffes and its spin-off Total Produce was roughly in line with expectations.

Management guided things substantially downward for 2007 indicating earnings of €20 million which is around 10 per cent below market forecasts. The problem is the impact of changes to the European wholesale banana regime and, while its negative impact was anticipated, it hit Fyffes to the tune of €40.9 million last year.

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