Cuisine de France owner Aryzta is to refocus its attention on its business-to-business frozen bakery and European food solutions divisions as challenges at its North American arm continue to eat into group earnings.

Shares in Cuisine de France owner Aryzta fell by nearly 9% yesterday on the back of the group reporting flat quarterly underlying revenues and a fall in business in North America.

Troubled baked goods group Aryzta has hired Kevin Toland from the Dublin Airport Authority (DAA) to be its new chief executive.

Shares in Cuisine de France owner Aryzta fell by over 4% yesterday after the company tempered speculation it was closing in on a sale of its controversial 49% stake in French high-end food retailer Picard.

Shares in Aryzta fell more than 7% at one stage yesterday before sharply paring losses, as the troubled Irish-Swiss baked goods company said it plans to accelerate its management shake-up.

Shares in Cuisine de France owner Aryzta jumped by almost 12% yesterday on the back of the troubled group launching a recovery bid which will see founder and chief executive Owen Killian leave the company and its investment strategy reviewed.

January has seen a number of large public companies issue profit warnings, something which is set to become commonplace, writes Kyran Fitzgerald.

Cuisine de France owner Aryzta saw its share price dip yesterday despite it successfully launching its debt restructuring round at an attractive yield.

Aryzta chief executive Owen Killian has seen his near-€1m annual performance-related bonus ‘withheld’, pending improvement in the troubled food group’s yearly earnings.

Shares in Irish-Swiss baked foods group Aryzta fell by nearly 2% yesterday on the back of a significant fall in annual profits and management suggesting volume declines and contract renewals will negatively impact its 2017 earnings capability.

Chief executives across the Anglo-Saxon corporate world have been gorging themselves in recent years, but has the time come to start snatching away some of the plates?

Shares in Cuisine de France owner, Aryzta fell by almost 10% yesterday — making it one of the day’s worst performing European stocks — after the group forecast “erratic” revenue performance for the next 18 months.

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.

Revenues at food company Aryzta climbed by more than 13% to over of €970m over the three months to the end of April despite flat trading in one of its core markets.

Irish-Swiss baked foods business Aryzta is using the €400m or so it will get from the near halving of its stake in Dublin-based agri-services business, Origin Enterprises to acquire a 49% stake in French speciality premium food business Picard.

With the property sector starting to boom again and more jobs on-stream, wages are rising and bankers are popping champagne. Kyran FitzGerald is experiencing a bout of deja vu.

Contributions from recent acquisitions have continued to drive growth at Irish-Swiss baked food group, Aryzta into its current financial year.

Irish-Swiss baked foods producer, Aryzta paid its executive management team 15.5m Swiss francs (€12.8m) in the last financial year, a 70% rise on the previous year.

Irish-Swiss baked foods group Aryzta has reported a near-7% rise in annual revenues, with the contribution from acquired subsidiaries growing almost 12% on the previous year.

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.

Irish Swiss baking giant Aryzta is expanding further into the North American market with the acquisition of two bakeries that will move the group away from relying on frozen goods.

Irish-Swiss bakery group Aryzta has hinted it will likely play a part in any upcoming anticipated growth in consolidation within its sector.

The makers of the Cuisine de France brand of breads and cakes, Aryzta, saw its shares surge yesterday after the company out-performed analysts’ expectations.

Food company Aryzta saw €1.2bn in revenue for the first three months of the year, which CEO Owen Killian said was satisfactory.

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 baked food group Aryzta has moved to substantially transform its European manufacturing business with the €280m acquisition of German bakery company Klemme.

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

Irish-Swiss bakery group Aryzta slashed its combined executive management pay levels by over €10m in its last financial year — a move which saw chief executive, Owen Killian, take a €3m pay cut.

Irish-Swiss food group Aryzta has reported a strong set of annual results, including a near 13% increase in profits, but has warned about the threat of continuing weak consumer spending levels and rising food inflation.

Third-quarter revenues at Irish-Swiss bakery group Aryzta grew by almost 15% boosted largely by its better-performing north American operations.

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.

SPECIALITY baker Aryzta confirmed its full-year profit goal and reported food sales grew 9.6% in its first quarter, as acquisitions in Britain and Canada helped compensate for weak consumer spending, particularly in Europe.

This week’s revelation that Aryzta boss Owen Killian was paid a whopping €7m failed to spark an outcry, due in part to the deliberate low-profile enjoyed by the Roscommon man and the Swiss-Irish firm he heads, says Kyran Fitzgerald.

ARYZTA chief executive Owen Killian saw his total remuneration jump by around €5 million to €7m in the group’s last financial year, making him the highest paid head of a publicly-quoted Irish company.

ARYZTA, the Irish-Swiss bakery group, is to invest €100 million per annum for the next three years improving internal efficiencies.

THE international speciality baking group Aryzta has been sustained by strong sales in the first nine months of the year that were backed by earlier acquisitions.

IN times of economic uncertainty the ability of some firms to buck the trend is always reassuring.

ARYZTA, the food group formed from the 2008 merger of Dublin-based IAWS Plc and Swiss bakery group Heistand, has reported a solid rise in sales of 36% in the first half to €1.89 billion.

SPECIALITY bakery group Aryzta’s first-quarter results to the end of October 2010 show strong revenue growth boosted by recent acquisitions.

THREE executive directors at Origin Enterprise shared a €2.4 million pay pot last year, up from €2.2m a year earlier.

SPECIALITY bakery group Aryzta has reported an 8.6% fall in underlying sales for the year to €3 billion.

IRISH-SWISS bakery group Aryzta saw its share price jump by more than 5% yesterday on the back of announcing three significant international development deals, with a combined value of €385 million.

ARYZTA, the food company formed from the merger of IAWS and Swiss bakery group Hiestand, has spent $1.08 billion (€900m) to acquire Fresh Start bakeries and Great Kitchens in the US.

FOOD group Aryzta, formed out of IAWS and Swiss bakery group Hiestand, has reported flat earnings for the first half of the current year.

A LONG-TERM plan for agriculture and farming was sought by industry leaders at the IFA-organised forum, which 700 people attended.