TIDMTOT

RNS Number : 0848G

Total Produce Plc

23 November 2020

Stock Exchange Announcement

TOTAL PRODUCE PLC

Trading Update

Positive Full-Year Outlook

Total Produce plc is pleased to confirm that trading for the 10 months ended 31 October 2020 has remained positive against the backdrop of COVID-19. Sales continued to be resilient in Wholesale and Retail offsetting reduced demand from Food Service.

Sales, Adjusted EBITDA and Adjusted Earnings Per Share are now expected to be slightly ahead of full year 2019.

The Group's strong presence in the global fresh produce industry, the diversity of its operations and products, together with the exceptional response from our people, enables us to meet the challenges.

The Group is pleased to announce that it has been awarded the Origin Green Gold Standard which recognises excellence in sustainability practices.

23 November 2020

For further information, please contact:

Brian Bell, Wilson, Hartnell PR

Tel: +353-87-2436130

Ivan Murphy, Davy Corporate Finance

Tel: +353-1-679 6363

Any forward-looking statements made in this press release have been made in good faith based on the information available as of the date of the press release and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in this press release, and the Company undertakes no obligation to update any such statements whether as a result of new information, future events, or otherwise. Total Produce's Annual Report contains and identifies important factors that could cause these developments or the Company's actual results to differ materially from those expressed or implied in these forward-looking statements

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(END) Dow Jones Newswires

November 23, 2020 02:00 ET (07:00 GMT)

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