Aryzta first-half sales hit €1.89bn

ARYZTA, the food group formed from the 2008 merger of Dublin-based IAWS Plc and Swiss bakery group Heistand, has reported a solid rise in sales of 36% in the first half to €1.89 billion.

Group earnings before interest, tax, and amortisation rose 52% to €173.1 million while earnings per share increased 34% to 140.3c.

Aryzta, which controls more than 71% of Origin Enterprise, which operates in the agri-business sector, said in the period just gone “the speed and severity of food raw material price increases was unexpected” and has become a major focus in the business.