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Dole released its financial results for the 4th quarter and fiscal year ended December 31, 2021.

  • Mar 21, 2022
  • 1 min read

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Transformational year for the Group

  • Significant increase in scale and footprint following acquisition of remaining 55.0% of Dole Food Company, Inc. ("DFC" or "Legacy Dole") by Total Produce plc ("TP") to create Dole plc ("Dole")

  • Following the acquisition, revenue has increased 113.7%, Adjusted EBITDA1 56.5% and total assets 147.5%

  • On a pro-forma2 basis, revenue increased 3.5% and Adjusted EBITDA increased 5.9% for the full year

  • Group is well positioned for long term sustainable growth following completion of IPO and debt refinancing

  • Net Debt1 / pro-forma Adjusted EBITDA 2.87x as of December 31, 2021

 
 
 

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