Aryzta revenue rebounds in third quarter Company also announces appointment of new CFO about 4 hours ago
Swiss-Irish bakery group Aryzta said its revenue returned to growth in the third quarter, with organic revenue from continuing operations rising 1.4 per cent. Total revenue was €621.9 million for the three month period, up 6.2 per cent on a constant currency basis and 3.5 per cent lower when currency movements were taken into account. Revenue in Europe was €302.9 million for the quarter ended May 1st, up 0.6 per cent. When the impact of foreign exchange was taken into account, revenue was down 0.3 per cent. Aryzta’s rest of the world revenue was €58.5 million, up 14.1 per cent on a constant currency basis and 11.6 per cent when the foreign exchange movements were accounted for. The disposal of the US assets were completed during the quarter, earlier than expected, with revenue from continuing operations up 2 per cent to €361.4 million.