ARYZTA AG Revenues Rise 54% on Acquisitions

Killian: "2011 was a year of substantial repositioning for ARYZTA AG. Bakery volumes doubled leading to a 53.5% increase in Food Group revenue as a result of acquisition activity one year previously."

Sep 26 2011 --- ARYZTA AG has announced its financial results for the financial year ended 31 July 2011. Revenue increase of 53.5% to €2.58bn, with Food Europe increasing by 10.5%. Food North America increased by 112% and Food Rest of World increased by 403%, due primarily to two major acquisitions last year.

The Switzerland-based company, which was formed following the merger of IAWS and Swiss company Hiestand, saw ebita increase by 55 per cent to €322.3 million. Food Europe increased by 13.6%, Food North America increased by 113%, while Food Rest of World increased by 313%.

Commenting on the results, ARYZTA AG Chief Executive Officer Owen Killian said: “2011 was a year of substantial repositioning for ARYZTA AG. Bakery volumes doubled leading to a 53.5% increase in Food Group revenue as a result of acquisition activity one year previously. ARYZTA is now much better positioned opposite consumers with greater global access to limited serve restaurants and retail, complementing our well established deeply distributed foodservice business."

“Consumer confidence improved during the year leading to underlying Food Group revenue growth of 2.7%. It remains a tough economic environment for consumers who now also are dealing with higher food costs with less disposable income. We remain focused on working with our customers to manage input price inflation in an effective manner to maintain affordability without compromising quality or service,” he added.