Bakery group Aryzta sees revenues rise and hints at further acquisitions

Bakery group Aryzta has said that consolidation opportunities to extend its market share continue to exist, although financial discipline and strong cash generation will remain its key strategies.

The Zurich-headquartered group yesterday reported third-quarter revenues (for the three months to the end of April) of just over €1.37bn. This represents a year-on-year rise of nearly 17%. Group revenue for the first nine months of its financial year (which runs to the end of July) grew by just over 7%, year on year, to €3.47bn.

Like-for-like third-quarter revenue growth in Aryzta’s North American division amounted to 2.7%, with the previously under-performing European arm up by over 4% and the rest of the world ahead by 7.4%.