September 26, 2011 | by Aryzta AG
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September 26, 2011, “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.
We plan to invest up to €100m per annum over the next three years unlocking the revenue and efficiency opportunities across our business under our ARYZTA Transformation Initiative ('ATI').
At this early stage of the year we believe FY 2012 consensus EPS appears reasonable and our stated earnings goals for 2013 are still attainable”.
Contact
Aryzta AG Talacker 41 8001 Zürich Tel. 044 583 42 00 Fax 044 583 42 49 info@ARYZTA.com
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Conclusion of this article: « Arzyta AG announces financial results for the financial year ended 31 July 2011 »
Source: Aryzta AG, Press release