Plus   Neg

ARYZTA Q1 Revenue In Line With Its Expectations - Quick Facts

ARYZTA AG (ARZTY.PK,ARZTF.PK) reported that its first-quarter Group organic revenue declined by 2.5 percent. ARYZTA Europe organic revenue declined by 0.9 percent, while ARYZTA North America organic revenue declined by 6.1 percent. ARYZTA Rest of World recorded an organic revenue growth of 7.5 percent. For the first-quarter, reported revenue declined by 2.1 percent to 843.9 million euros.

ARYZTA AG CEO, Kevin Toland, said: "The negative first quarter organic revenue performance in our North American business was indicated at the time of our fiscal 2019 results. Whilst we expect second quarter revenue in North America to remain negative, we expect to see positive evolution emerge in the second half of fiscal 2020 as new contract volumes are realised."

For fiscal 2020, ARYZTA projects further underlying EBITDA growth at a Group level.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The National Labor Relations Board ruled in favor of McDonald's in a long-running case filed by workers who accused the fast-food giant of retaliation after they tried to unionize. The lawsuit, filed by 20 employees against McDonald's and some of its franchise operators in 2015. The lawsuit was seeking a ruling that would consider McDonald's a 'joint employer' with its franchisees. Shares of Facebook fell almost 3 percent in Thursday's trading after the Wall Street Journal reported that the Federal Trade Commission is considering seeking a preliminary injunction against Facebook amid antitrust concerns over the company's integration of its apps. Facebook had earlier said it was planning to integrate its three messaging services. Beverages giant Pepsi announced the launch Pepsi Café, a new coffee-infused cola, which will debut in the United States in April 2020. The new beverage, which aims to satisfy both cola lovers and coffee fanatics across the US, comes in two delicious flavors - Original and Vanilla, with roasted Arabica coffee. It will be available at all major national retailers beginning in April next year.
Follow RTT