Aryzta enjoys all-round increases
12 December, 2008
Bakery supplier Aryzta has seen its revenue increase across all its divisions, with overall group revenue up a total of 31.8%, according to the company's first-quarter interim management statement.
Within its European Food division, group revenue has increased 4.5% and stands at E298.7m (£259.1m).Its Food North American division increased its revenue by 15.1% to E137.4m (£119.2m), and its Food Developing Markets division has seen revenue rise by 8.4% to E4.7m (£4.01m).The company, formed in June this year, through the merger of IAWS and Hiestand, said it has noticed changes in behaviour from consumers on the high street, with the UK and Irish markets in particular, seeing an overall slowdown in growth.However Aryzta chief exe-cutive Owen Killian said the company is focused on meeting the changing needs of its customers. It is expected that Aryzta's new bakery and innovation centre at Grangecastle will be fully commissioned during the period ended 31 January, 2009.