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.