Strategic Vision
Following the demergers in 2006 of its Property Undertaking and its General Produce and Distribution business Fyffes is one of the largest importers and distributors of tropical produce in Europe. The Group is primarily involved in the production, procurement, shipping, ripening, distribution and marketing of bananas, pineapples and melons. The Group currently markets fruit in Europe and the United States primarily under the Fyffes, Turbana, and Nolem brands. The Company is listed on the IEX (Irish Enterprise Exchange) in Dublin and the AIM (Alternative Investment Market) in London.
Fyffes and its joint venture operations employ approximately 4,800 people. Turnover in 2006, in the Group’s continuing operations, was €408 million. Shareholders’ equity at 30 December 2006 amounted to in excess of €227 million, including net cash balances of €80 million.
Management’s continuing focus is to maximise the return on investment for the Company’s shareholders.
Our goal is to achieve this by:
- Consistently meeting and exceeding the requirements of our customers
- Sourcing the finest quality produce from the best suppliers
- Employing the most innovative and environmentally sound practices
- Maintaining state-of-the-art facilities and logistical services
- Pursuing every possible efficiency and synergy in the supply chain
- Recruiting and developing the highest calibre personnel
- Expanding our operations through strategic acquisitions and alliances
Our commitment to these principles will ensure that the Group is uniquely placed to serve the requirements of our customers with the finest quality tropical produce all year round, together with the necessary support services. Fyffes remains ambitious to apply its resources and management expertise in order to continue to develop its business both organically and through further acquisitions and alliances.
It is our long-term strategic vision to develop Fyffes into the most successful operator in the tropical produce industry.