The company, which published its annual report this week, spent 8.7m last year on activities including a 50% jv interest in a Dutch soft fruit business and the purchase of an exotic produce company. "The group is in a strong financial position and continues to pursue attractive opportunities," said chairman Carl McCann.
Group revenue in 2009 fell 3.3% to 2.4bn, although the figure would be up 0.7% on a constant currency basis. Adjusted pre-tax profits fell 700,000 to 40.1m, with operating cashflow of 38.8m.
Despite cold weather and snow reducing demand at the start of 2010, the company was still targeting earnings per share in the same range as last year, said McCann. "Total Produce remains positive about its position as one of the leading fresh produce companies in Europe."