Revenue at bakery group Aryzta grows 9% to €1.1bn in first quarter

Irish-Swiss bakery group Aryzta has described as satisfactory a first quarter performance which saw revenue growth of 9%, to just under €1.1bn.

As anticipated, much of the growth — during the three months to the end of October — came from outside Europe, which the group said remains a “very challenging” environment.

First quarter revenue in the European food division of the Cuisine de France- owner grew by only 1.6%, year-on-year, while growth amounted to 12.3% in North America. The 11.2% first quarter revenue growth announced last week by agri-services group, Origin Enterprises — of which nearly 70% is owned by Aryzta — also acted as a huge boost to group figures for the period.