ARYZTA first-quarter sales were up by 17.8% year-on-year thanks to the “strong” contribution from acquisitions and growth in Europe’s retail sector.
The Swiss-based baker said revenue from its operations rose to EUR937.8m (US$753.9m). Including the impact of a reduced contribution of its Origin joint venture business, sales increased at the slightly slower pace of 13.8% in the period.
Go deeper with GlobalData
Gains were driven by a 30.5% jump in sales at its North American business, where acquisitions offset a 3.2% drop in organic growth. Aryzta said that underlying sales were down largely as a result of its SKU rationalisation process, which aims to free up capacity for larger customers.
In Europe, the company said underlying revenue increased 3.1% and acquisitions contributed 2.7% to the top line. “The trends in Europe remain positive, reflecting improving stability in Aryzta Food Solutions and strong growth within large retail,” the company said.
Click here to view the trading update.
See Also:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
