logo
Share SHARE
FONT-SIZE Plus   Neg

ARYZTA Posts Q1 Group Revenue Of EUR 1.10 Bln - Quick Facts

Swiss bakery business Aryzta AG (ARZTF.PK,ARZTY.PK) reported Group revenue of 1.10 billion euros for the first quarter, with a 1.7% improvement on an underlying basis. Total Food revenue for the 13 weeks went up 7.9% to 747.5 million euros. This growth includes underlying growth of 0.9%, due to overall steady volumes and the lack of further price increases over the prior year, acquisition related support of 1.3% and favourable currency movements of 5.7%.

Based on the first-quarter performance, Aryzta continues to view the outlook and guidance issued with its 2012 full-year results as valid. "As previously highlighted, FY 2013 will be another year of substantial transformation and reorganisation for ARYZTA," according to the company.

Patrick McEniff, Group CFO, would take on the additional role of Chief perating Officer and would start developing the local management structures to facilitate the communication of the food and bakery innovation capability within ARYZTA. John Yamin, CEO of ARYZTA North America would become President and Global Food Officer. Both Patrick and John would work closely with the group CEO to provide cohesive operational and strategic support to the ARYZTA business as it expands and develops globally.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items. In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet.
comments powered by Disqus
Follow RTT