ARYZTA Reports Strong Rise in Food Revenues

30 Sep 2014 --- ARYZTA AG has announced results for the financial year ended 31 July 2014. Food Group revenue increased by 10.0% to €3.394 bn. Food Europe increased by 14.0% to €1,586 m. Food North America increased by 8.7% to €1,587 m. Food Rest of World declined by (5.7)% to €221m. EBITA increase of 19.6 % to €486m.

Food Europe increased by 23.8 % to €230m. Food North America increased by 21.0% to €230m. Food Rest of World declined by (15.7) % to €26m. Group revenue increased by 6.8% to €4.809bn, with underlying fully diluted net profit increased by 18.3 % to € 378 m.

Commenting on the results, ARYZTA AG Chief Executive Officer Owen Killian said: “ARYZTA has delivered a strong performance for FY 2014, with an increase of 17.2% in underlying fully diluted EPS in the final year of our three year transformation. Food Group revenue increased by 10.0%, despite an adverse currency movement of (3.7)%. Underlying revenue increased by 2.1% and acquired businesses contributed an excellent 11.6% increase in revenue during the period. Our alignment with the requirements of major food corporations will facilitate long-term growth, while the creation of ARYZTA Food Solutions will bring value and differentiation to independent customers. ARYZTA remains financially disciplined and very cash generative, which will support continued investment and sector consolidation.”