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Aryzta Posts Underlying Revenue Growth In FY 2015/16

Published on Sep 26 2016 12:00 PM in A-Brands tagged: Featured Post / Aryzta / Bakery / Cuisine De France

Aryzta Posts Underlying Revenue Growth In FY 2015/16

Swiss-Irish bakery group Aryzta has posted a 3.4% increase in underlying revenue growth in the full year to the end of July.

The Zurich-based group posted ‘strong cash generation ahead of target at €267 million’ in the period, and anticipates its full year 2017 cash generation to be between €225 and €275 million.

Commenting on its performance, chief executive Owen Killian said, “ “Consumer demand for high-quality speciality food is increasing, whether out of home or through modern retail, focused on freshly baked and prepared food, offering convenience and choice.

“Aryzta is strategically well-positioned to serve this increasing demand.”

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.

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