US boosts Aryzta revenue by 1%

First-half revenues at Irish-Swiss bakery group Aryzta grew by nearly 1% — with its North American interests driving growth and offsetting a disappointing showing from its European operations.

The Zurich and Dublin- based group — which grew out of the 2008 merger between IAWS and Swiss group, Hiestand — said yesterday that revenue for the six months to the end of January, was up by 0.9% from €1.89bn to €1.91bn. Pre-tax profits were up only marginally, from €143.2m to €146.5m.

Aryzta group chief executive Owen Killian said that the underlying performance was “robust, despite challenging trading conditions”.