Aryzta has reiterated its guidance of double-digit underlying EPS growth as the Swiss food firm posted a 14.9% increase in revenues to EUR859.8m (US$1.17bn) in its food business for the third quarter.

In an interim trading report, the firm said revenues were lifted by recent acquisitions and strong growth across Europe.

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Overall the group, which includes the Origin Enterprises business, recorded revenue growth of 16.7% to EUR1.3bn.

Analysts at Kepler Cheuvreux said organic growth was “reassuring”, reiterating their “buy” rating.

“While it did not explicitly reiterate its 15% underlying ROI target for fiscal-year
2015, we do not see anything untoward, given it was a trading statement,” they added.

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