Dive Brief:
- Irish produce company Fyffes reported earnings that included 0.8% growth in total revenues.
- Adjusted EBITDA jumped to €48.2m million for a 20.5% increase.
- According to Eurofruit, "Fyffes said its key drivers of performance in its tropical produce operations were average selling prices, exchange rates and the costs of fruit, shipping and fuel."
Dive Insight:
Fyffes' CEO David McCann talked about current and future strategies for the company. This will likely include increases in selling prices to offset the rise of the dollar as well as "attractive acquisitions opportunities," he said, as reported by RTE News.