Aryzta’s Q1 results show strong growth

SPECIALITY bakery group Aryzta’s first-quarter results to the end of October 2010 show strong revenue growth boosted by recent acquisitions.

The Zurich-based group, which owns Cuisine de France, did not give a profit figure for the three months to the end of October 2010, but said Earnings Per Share (EPS) for its 2011 financial year should reach 45 cents.

The figures show sales in the food group rose over 55%, driven by acquisitions, which accounted for 51.3% of the total increase.