FDBusiness.com

Acquisitions Bolster Aryzta

 Breaking News
  • Carlsberg Group Remains on Course Carlsberg Group has announced organic and reported net revenue growth of 2% to DKr31.77 billion (€4.27 billion) for the first half of 2017 although group beer volumes fell organically by 3%, chiefly due to a decline in Russia. Operating profit was up 15% organically, with all three regions – Western Europe, Eastern Europe and Asia [...]...
  • UK Food-to-go Market to Reach £23.5 Billion by 2022 The UK’s food-to-go sector is in rude health and will be worth £23.5 billion by 2022, up from £17.4 billion in 2017, according to IGD, as shoppers’ preference for eating on the move shows no signs of slowing down. IGD’s food-to-go research splits the market into five segments, with the organisation’s latest forecasts suggesting particularly strong [...]...
  • Irish Food Companies Encouraged to ‘Think Digital’ and Maximise Online Retail Opportunity Bord Bia has announced a partnership with the Digital Marketing Institute to offer Irish food and drink companies an opportunity to grow and develop their online presence with a view to increasing brand awareness and sales. ‘Think Digital’ is a 6-month digital marketing programme available to all Irish food and drink companies designed specifically to address the [...]...
  • Norwegians Sceptical About Ready-to-eat Food Around 40% of Norwegian consumers agree with the statement that industrially produced food is unhealthy, according to the results of a survey conducted by Kantar TNS on behalf of Orkla. Nine out of 10 think that the food they prepare themselves is better than industrially produced food, while close to half think that the industry [...]...
  • Mandatory CCTV in All Slaughterhouses Under New Animal Welfare Plans CCTV will be mandatory in all slaughterhouses in England under new plans recently announced by Environment Secretary Michael Gove, as he outlined a series of measures to cement the UK’s position as a global leader on animal welfare. The proposals will deliver a manifesto commitment for CCTV to be required in every slaughterhouse in England [...]...
  • £3.7 Billion Worth of Discounts Disappear From UK Supermarket Shelves as Promotions Fall to Lowest Levels in 10 Years The pressure on UK retailers to be more transparent in their pricing has seen the number of trade promotions fall to their lowest levels for 10 years, and in 2017, shoppers will receive £3.7 billion less in promotional savings. This is according to a new report by IRI, the provider of big data and predictive analytics [...]...

Acquisitions Bolster Aryzta

Acquisitions Bolster Aryzta
March 15
12:03 2011

Helped by strategic acquisitions, Aryzta, the Switzerland-based international speciality bakery group, increased EBITA by 52% to Eur173.1m on revenue up by 36% to Eur1.89b for the first six months ended January 31st 2011. Group EBITA margin increased by 90bps to 9.1% and underlying fully diluted net profit rose 40.9% to Eur116.3m.

The core Food Group increased revenue by 60% to Eur1.28b during the period. However, acquisitions were responsible for 54.3% and currency factors for 5.5%, leaving underlying growth at just 0.4%. The European food business increased revenue by 10% to Eur585.3m but after stripping out acquisitions and currency gains underlying sales actually declined 1%. Food Europe’s EBITA grew 8.7% to Eur66.0m.

Revenue at Aryzta’s North American food business increased by 140% to Eur610.5m but underlying growth was 2%. EBITA grew by 118% to Eur76.9m.

Food Rest of World increased revenue by 591% to Eur87.4m with underlying growth of 18.4%. EBITA grew by 504% to Eur12.5m.

Owen Killian, chief executive of Aryzta.

In addition to its food business, Aryzta also hold a 71.4% stake in Origin Enterprises, a leading agri-business group with operations in the UK, Ireland and Poland.

“While the major feature of these results is the enormous contribution from our recently acquired businesses, we are most encouraged by the improvement in underlying revenue growth as consumers adjust to improving economic circumstances in most markets,” says Owen Killian, chief executive of Aryzta. “We have initiated business combination projects in Europe and North America which, as we roll out the Aryzta Technology Initiative (ATI), will create the opportunity to unlock the potential within our enlarged customer base.”

He adds: “The speed and severity of food raw material price increases was unexpected and is again a major focus in the business. In such an inflationary environment, bakery plays an important role in a food menu or basket and provides an innovative value proposition for consumers.”

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements