Aryzta reports ‘robust’ first-half results

Aryzta has said that it expects its underlying earnings per share to show a return to double-digit percentage growth next year.

The Irish-Swiss bakery group — formed nearly five years ago through the merger of IAWS and Zurich-based company, Hiestand — yesterday reported what its management called a “robust” set of first-half results, covering the six months to the end of January.

Underlying net profit for the group rose by 5.6% — on a year-on-year basis — to €129.4m; with underlying fully diluted earnings per share up by 0.5% to 146.4c.