Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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.

Register
To receive FREE breaking news email alerts for Aryzta AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
British manufacturing growth eased further in August to its lowest level in 14 months as output and demand increased at slower rates, survey results from Markit Economics showed Monday. The Markit/CIPS Purchasing Managers' Index dropped to 52.5 from a revised 54.8 in July. Economists had expected the score to fall to 55.1 from July's original figure of 55.4. Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame. India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday. Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.