FDBusiness.com

Interim Profits Rise at Aryzta

 Breaking News
  • PepsiCo Targets African Growth in $1.7 Billion Deal PepsiCo has agreed to acquire all the outstanding shares of Pioneer Foods Group of South Africa for approximately US$1.7 billion. Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo’s current line-up, with strong positions in cereals, juices, and other African nutritional food staples, including well-known, scaled brands like Weet-Bix, Liqui-Fruit, Ceres, Sasko, [...]...
  • WHO/Europe Studies Find Baby Foods are High in Sugar and Inappropriately Marketed For Babies Two new studies from WHO/Europe show that a high proportion of baby foods are incorrectly marketed as suitable for infants under the age of 6 months, and that many of those foods contain inappropriately high levels of sugar. WHO’s long-standing recommendation states that children should be breastfed, exclusively, for the first 6 months. Its 2016 [...]...
  • AB World Foods Selects e.fundamentals to Help Drive Online Sales AB World Foods, the ethnic foods division of Associated British Foods, has selected ecommerce analytics provider e.fundamentals to help drive sales of its products through retailers’ websites. AB World Foods, whose brands include Patak’s, Blue Dragon, Levi Roots and Tabasco, has become a client of e.fundamentals’ retail service, which continuously reports how brands are performing [...]...
  • AxFlow Holding Acquires Induchem Group in Ireland AxFlow Holding, the international fluid handling group that is active in all European markets, South Africa, Australia, and New Zealand, has acquired the Irish Induchem Group, the specialist provider of fluid handling solutions, which predominately focuses on valves, pipe solutions, mixers and pneumatics. Headquartered in Cork, the Induchem Group has four sites, located in Ireland and [...]...
  • AB InBev to Sell Australian Business For US$11.3 Billion to Asahi Group Anheuser-Busch InBev has agreed to divest Carlton & United Breweries (CUB), its Australian subsidiary, to Asahi Group Holdings for Au$16.0 billion, (US$11.3 billion) in enterprise value. The transaction represents an implied multiple of 14.9x 2018 normalised EBITDA. As part of this transaction, AB InBev will grant Asahi Group Holdings rights to commercialise the portfolio of AB [...]...

Interim Profits Rise at Aryzta

Interim Profits Rise at Aryzta
March 12
11:49 2012

Aryzta, the Switzerland-based global speciality bakery group, has reported a 3.3% rise in EBITA to Eur178.8 million on revenue up 0.9% to Eur1.91 billion for the six month period ended 31 January 2012, as its Food Group increased EBITA by 11.3% to Eur173.0 million and revenue by 9.4% to Eur1.40 billion.

Aryzta has operations in North America, South America, Europe, Asia, Australia and New Zealand. It is also the majority shareholder (71.4%) in Origin Enterprises, the agri-services group with interests in food and marine proteins and oils. Revenue at Origin Enterprises declined in the period by 17.0% to Eur507.4 million and EBITA fell by 66.8% to Eur5.9 million.

Aryzta’s Food Europe business increased EBITA by 12.4%.to Eur74.2 million on sales up by 7.5% to Eur629.0 million.

Owen Killian, chief executive of Aryzta, comments: “Underlying performance was robust despite challenging trading conditions. 2012 remains a critical year of transformation for Aryzta with significant ATI driven change underway across the group to enhance our customer centric focus. This, combined with our strengthened balance sheet, will enhance future shareholder value from growth with existing customers and sector consolidation opportunities.”

To receive your free sample copy of  Food & Drink Business News Europe please complete Form on our Subscription Page.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 17, 2019Future Food-Tech
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements