Arzyta has revealed a 9.3% increase in revenue, to €1.4bn (£1.17m) within its Food Europe arm, for the full year to 31 July 2013.

The Swiss-based speciality bakery manufacturer saw total revenue across its international food businesses up 7.6% to €3.086bn (£2.58bn).

Revenues in its Food North America division increased by 6.4%, while Food Rest of the World saw a 5.7% rise. Ebitda rose by 8.5% to €406.7m (£339.88m).

The firm put the growth of revenue in Food Europe predominantly down to acquisitions, with “weak underlying growth in bake-off” reflecting sustained weak consumer spending, and the growing impact of government austerity measures across the region.

Owen Killian, chief executive at Aryzta, said: “Revenue growth and margin expansion performance was robust in FY 2013, given the level of change management achieved across the business.

“Underlying revenue growth remained positive, and the improved diversification of our channel mix should improve the sustainability of this growth.”

He said the full-year results marked five years since the creation of Aryzta AG, with revenue in its Food Group seeing growth of 89%.