Overview Financials News + Filings Key Docs Ownership
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| | 20-F | 20-F | 20-F | 20-F |
| Revenues: |
| U.K. | 782.5 | 796.5 | 687.8 | |
| Diversified Fresh Produce – EMEA | 3,152.6 | 3,383.0 | 3,119.7 | |
| Diversified Fresh Produce – Americas & ROW | 1,965.7 | 1,465.0 | 1,226.2 | |
| Fresh Vegetables | 1,205.9 | 510.7 | | |
| Other | 2,122.2 | 299.2 | | |
| Total revenues | 9,228.9 | 6,454.4 | 4,345.9 | 4,166.8 |
| Revenue growth [+] | 43.0% | 48.5% | 4.3% | |
| U.K. | -1.8% | 15.8% | | |
| Diversified Fresh Produce – EMEA | -6.8% | 8.4% | | |
| Diversified Fresh Produce – Americas & ROW | 34.2% | 19.5% | | |
| Fresh Vegetables | 136.1% | | | |
| Cost of goods sold | 8,634.1 | 6,105.3 | 4,012.3 | 3,864.3 |
| Gross profit | 594.7 | 349.1 | 333.6 | 302.5 |
| Gross margin | 6.4% | 5.4% | 7.7% | 7.3% |
| Selling, general and administrative [+] | 511.0 | 360.4 | 270.1 | 259.8 |
| Sales and marketing | 19.3 | 10.6 | 5.3 | 5.8 |
| Other selling, general and administrative | 491.7 | 349.8 | 264.8 | 254.0 |
| Equity in earnings | 6.7 | 48.0 | 30.3 | 36.9 |
| Other operating expenses | -18.9 | 49.5 | -2.1 | -3.9 |
| EBITDA [+] | 240.3 | 60.2 | 132.0 | 118.0 |
| EBITDA growth | 299.0% | -54.4% | 11.9% | |
| EBITDA margin | 2.6% | 0.9% | 3.0% | 2.8% |
| Depreciation | 120.1 | 61.6 | 24.6 | 22.9 |
| EBITA | 120.2 | -1.3 | 107.4 | 95.1 |
| EBITA margin | 1.3% | 0.0% | 2.5% | 2.3% |
| Amortization of intangibles | 10.9 | 11.4 | 11.5 | 11.5 |
| EBIT [+] | 109.3 | -12.7 | 95.8 | 83.6 |
| EBIT growth | -958.5% | -113.3% | 14.6% | |
| EBIT margin | 1.2% | -0.2% | 2.2% | 2.0% |
| Non-recurring items [+] | -11.8 | -30.6 | -1.6 | -0.9 |
| Asset impairment | -0.4 | | -1.2 | |
| Loss (gain) on sale of assets | -11.6 | -0.6 | | |
| Loss (gain) on sale of business | 0.2 | 0.0 | | -0.7 |
| Interest expense, net [+] | 54.8 | 23.1 | 7.9 | 9.0 |
| Interest expense | 61.5 | 27.0 | 10.5 | 12.0 |
| Interest income | 6.6 | 3.9 | 2.6 | 3.1 |
| Other income (expense), net | 4.6 | -39.4 | -30.4 | -32.8 |
| Pre-tax income | 70.9 | -44.6 | 59.1 | 42.8 |
| Income taxes | -34.1 | -13.3 | 18.1 | 10.3 |
| Tax rate | | 29.9% | 30.7% | 24.1% |
| Minority interest | 25.2 | 24.0 | 18.8 | 14.3 |
| Net income | 86.5 | -7.2 | 52.5 | 55.1 |
| Net margin | 0.9% | -0.1% | 1.2% | 1.3% |
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| Basic EPS [+] | $0.91 | ($0.10) | $0.95 | $0.99 |
| Growth | -1011.6% | -110.6% | -4.7% | |
| Diluted EPS [+] | $0.91 | ($0.10) | $0.94 | $0.99 |
| Growth | -1011.4% | -110.6% | -4.6% | |
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| Shares outstanding (basic) [+] | 94.9 | 72.2 | 55.5 | 55.5 |
| Growth | 31.4% | 30.1% | 0.0% | |
| Shares outstanding (diluted) [+] | 94.9 | 72.2 | 55.6 | 55.6 |
| Growth | 31.5% | 29.9% | 0.0% | |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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