Aryzta targeting underlying growth

Management at Aryzta has pledged to focus on recovering the food group’s underlying growth potential, on the back of a disappointing set of annual results where recent acquisitions provided the only real high point.

The Irish-Swiss baked food group yesterday reported a 12.6% jump in revenue, for the 12 months to the end of July, to €3.82bn.

Currency movements increased revenue by nearly 8% while acquisition contributions added another 7.1%.