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
German lender Commerzbank AG said Thursday that it will cut almost 10,000 jobs, stop paying dividends for the time being and merge two big units as part of a restructuring to become profitable on a sustainable basis by 2020. The bank, Germany's second largest, said that to cover its restructuring costs in the region of 1.1 billion euros, it will cease dividend payments for the time being. Apple Inc. has repeatedly assured customers of its commitment to privacy and said that iMessage conversations are safe. However, Apple's iMessage logs the phone numbers typed by users for a text conversation and shares this information with law enforcement when compelled by court order, according to news site "The Intercept." Snack and beverage giant Pepsico Inc. reported Thursday significantly higher profit in its third quarter, reflecting the absence of last year's hefty Venezuelan impairment charges, despite weak revenues. Core earnings and revenues beat market estimates. Further, the company lifted its fiscal 2016 forecast on its performance and outlook for the fourth quarter.
comments powered by Disqus
Follow RTT