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Total Produce YTD trading remains 'positive'
23rd Nov 2020 08:40
(Sharecast News) - Fresh produce group Total Produce said on Monday that year-to-date trading had "remained positive" despite the Covid-19 pandemic.
Total Produce said sales were "resilient" in both its wholesale and retail units, offsetting reduced demand seen in the company's food service division.
The AIM-listed group now expects full-year sales, adjusted underlying earnings and adjusted earnings per share to all be "slightly ahead" of those recorded in 2019.
Total highlighted its "strong presence" in the global fresh produce industry and the diversity of its operations and products as having helped it to meet the challenges posed by Covid-19.
As of 1350 GMT, Total Produce shares were up 6.31% to 119.60p.
Total Produce said sales were "resilient" in both its wholesale and retail units, offsetting reduced demand seen in the company's food service division.
The AIM-listed group now expects full-year sales, adjusted underlying earnings and adjusted earnings per share to all be "slightly ahead" of those recorded in 2019.
Total highlighted its "strong presence" in the global fresh produce industry and the diversity of its operations and products as having helped it to meet the challenges posed by Covid-19.
As of 1350 GMT, Total Produce shares were up 6.31% to 119.60p.