Aryzta, the Swiss-based baked goods firm, revealed this morning that its group revenue for six months to the end of January rose by 8.2% to €2.07bn (£1.8bn).

Net profit was 5.5% higher at €129.4m, while earnings per share were up 0.5% to 146.4 euro cents.

Chief executive Owen Killian said: “Aryzta’s underlying net profit performance was robust despite challenging trading conditions.”

The company said that revenue at its food group rose by 5.9% to €1.5bn. with European revenues up 2%, while its North American revenues gained 10.6% and revenues from the rest of the world jumped by 11.8%.

Revenues at its Origin Enterprises subsidiary rose by 11.9% to €567.7m for the six-month period.