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
Stocks came under pressure in early trading on Friday and remained firmly in the red throughout the remainder of the trading session. With the losses on the day, the S&P 500 pulled back well off yesterday's record closing high. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border. Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office.
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.