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
Grab, the Singapore-based ride hailing company and Uber's biggest Asian rival, said Monday that Chinese ride-sharing company Didi Chuxing and Japan's SoftBank Group Corp. will invest a combined $2 billion to lead Grab's new financing round. Delta Air Lines is allowing some passengers use fingerprints instead of their boarding passes. The pilot program at the Reagan Washington National Airport or DCA will allow members of Delta's SkyMiles loyalty program and enrolled in Clear, a third-party biometric screening program, to use fingerprints as proof of identity to board their plane, the company said in a statement. Oilfield services company Halliburton Co. reported Monday a profit in its second quarter, compared to a hefty loss last year, boosted mainly by strong demand in North America. In pre-market activity on the NYSE, Halliburton shares were gaining 3.9 percent.
comments powered by Disqus
Follow RTT