Swiss-based food group Aryzta has marked the fifth anniversary of its creation with a strong set of results for 2013.
It reported an increase of 7.6% in revenues, up to €3.1 billion in the twelve months to July 31st, while pre-tax profits advanced by 10% to €329 million.
Earnings before interest, taxes and amortisation(EBITA) increased by 8.5 % to €406. million at the food group whose brands include Delice de France and Otis Spunkmeyer .
When its Origin operation is included, overall group revenue for Aryzta grew by 7% to €4.5 billion, while pre-tax profits increased by 10% to €414 million.
Commenting on the results, Aryzta chief executive Owen Killian said they were "robust" and were achieved despite the challenges faced by a prolonged consumer recession and highly volatile food inflation.
"Underling revenue growth remained positive, and the improved diversification of our channel mix should improve the sustainability of this growth," Mr Killian said.
The company, which employs over 12,000 staff, said that revenues in Europe for the year rose by 9.3%, while North American revenues increased by 6.5% and sales in the rest of the world rose by 5.7%.
Earnings in Europe were up 9.7%, while they rose by 7.9% in North American and by 4.7% in the rest of the world, the company added.