Honeytop acquisition aids Aryzta revenue growth

29 November, 2011

Aryzta posted a strong set of financial results in its first quarter trading update for the 13 weeks to 31 October 2011.

Group revenue for its Food Europe division stood at €316.2m (£270.86m), up 9.2%. Acquisition growth for Food Europe was up 6.3% reflecting in part the addition of the UK flatbread Honeytop.

Revenue in its Food North America division was up 9.1% to €327.1m (£280.23m), while its Food Rest of the World division saw revenue growth of 16.3% to €49.3m (£42.23m).

Owen Killian, chief executive officer, said the firm had not seen any significant change in the trading environment since September, adding “Q1 is broadly a continuation of Q4 trends”.

The firm added that the revenue data for Food Europe reflected the positive pricing action in the period due to recovery of higher raw material prices and weaker volumes.





My Account

Spotlight

Most read

Social