Aryzta food group reports ‘flat’ half-year earnings

FOOD group Aryzta, formed out of IAWS and Swiss bakery group Hiestand, has reported flat earnings for the first half of the current year.

The figures were slightly better than market expectations, and the shares were up by 2.1% to €28.75 by the close.

Aryzta’s food business reported sales of €800.9 million for the six months to the end of January, a fall of 7.4%.