Irish-Swiss bakery group Aryzta is uniquely positioned to capitalise on changes in the North American baked goods market, according to Davy stockbrokers.

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.

THE uncertainties in the global economy are reflected in the annual results of Aryzta with sales in its key geographic areas, Europe and north America, both down.

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.