FDBusiness.com

Aryzta Makes Further Progress With Transformation Initiative

 Breaking News
  • Deliveroo to Make All Staff Shareholders Deliveroo, the leading food delivery company, has announced that it is to make all of its employees shareholders in the company and give them equity. The move will mean all permanent staff, present and future, will be given share options in the company. The move will be worth nearly £10 million for the majority of the [...]...
  • China’s Yoghurt and Cheese Markets Experience Steady High Value Retail Sales Growth While the overall dairy market in China is growing stably, the various categories are experiencing differing performance. New research from Mintel reveals that yoghurt and cheese are the market’s winning categories in recent years with yoghurt maintaining an annual retail sales growth of over 20% since 2014. Meanwhile, the cheese category has seen a growth [...]...
  • Tetra Pak® Extrusion Wheel Produces Stick Ice Cream Products With Large Inclusions at Highest Capacity Tetra Pak has launched an Extrusion Wheel that produces stick ice cream products with large-sized inclusions, such as whole nuts, real fruit segments, or cookie dough chunks at highest capacity on the market. The Tetra Pak® Extrusion Wheel, which can be added to existing lines, uses an innovative vertical rotating design that moves continuously at a [...]...
  • New Machine is UK First Rigid box specialist the Pollard Group has installed a bespoke magnet and ribbon loop inserting machine, the first of its kind in the UK. The £150,000 investment at Pollard’s factory in Enderby, Leicester is operating in conjunction with the company’s recently-installed Kolbus DA260 Casemaker to form a highly automated book jacket production department. In particular [...]...
  • Hi Europe & Ni Celebrates 10th Edition With Inspiring Events Programme Europe’s leading health, natural and nutrition show, Hi Europe & Ni, is celebrating its 10th edition with a move to a larger hall at Messe Frankfurt this year. From 27-29 November 2018, visitors will be able to access all of the show’s many features and live events under one roof. In addition, the Healthy Finished Products Expo [...]...

Aryzta Makes Further Progress With Transformation Initiative

Aryzta Makes Further Progress With Transformation Initiative
March 11
10:39 2014

Aryzta, the global speciality bakery group, has reported a 1.7% increase in group revenue to €2.10 billion and a 6.4% rise in group EBITA to €198.3 million for the six months period ended 31 January 2014. Aryzta’s core Food Group business increased revenue by 5.7% to €1.59 billion and EBITA by 5.6% to €194.2 million. At constancy currency, EBITA grew by 10.8% to €203.7 million. Food Group EBITA margin was maintained at 12.3% (12.5% in constant currency).

Switzerland-based Aryzta has operations in North America, South America, Europe, Asia, Australia and New Zealand. Its Food Europe business increased revenue by 19.1% and EBITA by 18.7% during the first half.

Revenue declined by 3.4% in Food North America and EBITA fell by 0.9%. Revenue and EBITA also dropped in Aryzta’s Food Rest of World business by 9.9% and 21.4% respectively.

In March 2014, Aryzta agreed to acquire 100% of both Pineridge Bakery in Canada and Cloverhill Bakery in the US. The combined consideration of these acquisitions was €730 million, with further post-acquisition investments of €70 million anticipated to support a strong growth pipeline and integration. Once complete, these acquisitions will significantly enlarge Aryzta’s bakery capabilities, customer access and product portfolio in North America and should provide double digit EPS accretion in fiscal 2015.

Owen Killian, chief executive of Aryzta, comments: “Aryzta continues to make excellent progress with our Customer Centric strategy in this the final year of the ARYZTA Transformation Initiative. We have begun to undertake consolidation opportunities to extend market share and customer relevance in what is a fragmented sector. Continued financial discipline and strong cash generation will support these growth strategies, as well as improve our overall risk profile. We are guiding double digit growth in underlying EPS for FY 2014.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • May 21, 2018London Int'l Wine Fair
  • May 22, 2018European Coffee Expo
  • June 1, 2018Gluten Free Expo Slovakia
  • June 3, 2018Vinoble
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements