Fresh Del Monte Produce Inc (N:FDP)
Business Focus: Fishing & Farming
| Sector: Consumer Non-Cyclicals | Industry: Fishing & Farming |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | C/O DEL MONTE FRESH PRODUCE CO 241 SEVILLA AVENUE, 12TH FLOOR CORAL GABLES FL 33134 |
| Tel: | N/A |
| Website: | https://freshdelmonte.com |
| IR: | See website |
| Key People | ||
| Mohammad Abu-Ghazaleh Chairman of the Board, Chief Executive Officer | Sergio Mancilla Vice President, South America | Monica Vicente Chief Financial Officer, Senior Vice President |
| Mohammad Abbas Chief Operating Officer, Executive Vice President | Tarek Betti Chief Human Resource Officer, Senior Vice President | Effie D. Silva Senior Vice President, General Counsel, Corporate Secretary, Chief Ethics and Compliance Officer |
| Jesus Rodriguez Calvo Senior Vice President, North American Sales and Marketing | Ziad Nabulsi Senior Vice President, North American Operations | Gianpaolo Renino Senior Vice President, Europe and Africa | Hans Sauter Senior Vice President - Corporate Research and Development, QA and Agricultural Services, Chief Sustainability Officer |
| Business Overview |
| Fresh Del Monte Produce Inc. is a vertically integrated producer, marketer and distributor of fresh and fresh-cut fruit and vegetables as well as producer and distributor of prepared food in Europe, Africa and the Middle East. It markets its products under the Del Monte brand, Mann brand and other related trademarks. Its segment includes fresh and value-added products, banana, and other products and services. Fresh and value-added products segment includes pineapples; fresh-cut fruit fresh-cut vegetables, which include fresh-cut salads; melons; vegetables; non-tropical fruit, which includes grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis; other fruit and vegetables, avocados, and prepared foods, which includes prepared fruit and vegetables, juices, other beverages, and meals and snacks. Other products and services segment includes its third-party freight and logistic services business and its Jordanian poultry and meats business. |
| Financial Overview |
| For the fiscal year ended 29 December 2023, Fresh Del Monte Produce Inc revenues decreased 3% to $4.32B. Net loss totaled $11.4M vs. income of $98.6M. Revenues reflect Fresh & value added products segment decrease of 4% to $2.48B, Other Products & Services segment decrease of 15% to $204.7M, North America segment decrease of 5% to $2.58B, Middle East segment decrease of 10% to $384.9M. Net loss reflects Asset impairment and other charges. |
| Employees: | 31,887 as of Dec 29, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,582M as of Dec 29, 2023 |
| Annual revenue (TTM): | $4,321M as of Dec 29, 2023 |
| EBITDA (TTM): | $248.90M as of Dec 29, 2023 |
| Net annual income (TTM): | -$11.40M as of Dec 29, 2023 |
| Free cash flow (TTM): | $84.30M as of Dec 29, 2023 |
| Net Debt Last Fiscal Year: | $373.70M as of Dec 29, 2023 |
| Shares outstanding: | 47,629,018 as of Feb 16, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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