FDBusiness.com

Aryzta Delivers Strong Full Year Performance

 Breaking News
  • Kerry Group Benefits From Unique Business Model Kerry Group, the global taste, nutrition and consumer foods business, has reported a 3.1% increase in revenue to €6.6 billion for the year ended 31 December 2018, reflecting strong volume growth and contribution from acquisitions, partially offset by adverse currency movements. Business volumes grew by 3.5% and pricing decreased by 0.5% against a backdrop of [...]...
  • Premier Foods Discontinues Ambrosia Sale Process Premier Foods has decided not to proceed with the potential disposal of its Ambrosia brand. A number of parties expressed interest in the business, and since the New Year Premier Foods has been engaged in detailed discussions with a small group of potential buyers. However, the Premier borad has concluded that in the present business [...]...
  • Heineken Maintains Strong Top Line Growth in 2018 Heineken achieved organic net revenue growth of 6.1% to €22.471 billion in 2018, with a 4.0% increase in total consolidated volume and a 2.0% increase in revenue (beia) per hectolitre. Operating profit (beia) rose organically by 6.4% to €3.868 billion but the operating profit margin (beia) slipped by 17 bps to 17.2%. Net profit for [...]...
  • Another Year of Progress For Nestlé Nestlé has reported a 2.1% increase in sales to SFr91.4 billion (€80.6 billion) for 2018 with organic growth of 3% and group RIG of 2.5%, which was at the high end of the food and beverage industry, helped by faster innovation and successful new product launches. 2018 organic growth was supported by stronger momentum in [...]...
  • Fast-growing Asia Maternal Nutrition Market to Boost Demand For Dairy ingredients and Formula Maternal nutrition is a hot new opportunity in emerging markets, according to the latest report from food and drink experts, Zenith Global. In many parts of Asia, the concept of optimal nutrition during the first 1,000 days of a baby’s life (from conception to two years old) is capturing the attention of mothers and their [...]...

Aryzta Delivers Strong Full Year Performance

Aryzta Delivers Strong Full Year Performance
September 30
11:08 2014

Aryzta’s food business has increased EBITA by 19.6% to €486.3 million, as a result of the improved efficiencies, on revenue up by 10.0% to €3.4 billion for the financial year ended 31 July 2014. Underlying revenue growth was 2.1%, acquisitions added 11.6% and currency continued to have a negative (3.7%) impact compared to prior year.

Aryzta’s Food Europe business, which holds leading market positions in the European speciality bakery market, grew revenue by 14.0% to €1.6 billion. Underlying revenues grew 2.1% and EBITA increased by 23.8% to €230.3 million, with margins expanding by 110 bps to 14.5%. The improved performance reflects the benefits from the reorganisation of the European business into Aryzta Food Solutions and Aryzta Bakeries and the gains derived from the now substantially completed ATI programme.

AryztaBannerAs part of the ATI programme, during the year Food Europe incurred cash non-recurring costs of €40.7 million, with an additional €88.4 million invested in the continued roll-out of the ERP system and other optimisation-related capital projects. A further €100 million was invested in a variety of bakery expansion-related capital projects. As a result of these investments, €51.7 million of non-cash asset write-downs were recorded throughout the European business for obsolete distribution, manufacturing and administration assets, due to the closure and/or reduction in activities related to those assets.

The Food North America business increased revenue by 8.7% to €1.6 billion and EBITA by 21.0% to €230 million. However, revenue at Food Rest of World declined by 5.7% to €221 million and EBITA declined by 15.7% to €26 million.

Owen Killian, chief executive of Aryzta, comments: “Aryzta has delivered a strong performance for FY 2014, with an increase of 17.2% in underlying fully diluted EPS in the final year of our three year transformation. Food Group revenue increased by 10.0%, despite an adverse currency movement of 3.7%. Underlying revenue increased by 2.1% and acquired businesses contributed an excellent 11.6% increase in revenue during the period.”

He adds: “Our alignment with the requirements of major food corporations will facilitate long-term growth, while the creation of Aryzta Food Solutions will bring value and differentiation to independent customers. Aryzta remains financially disciplined and very cash generative, which will support continued investment and sector consolidation.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements