Aryzta, the Swiss-based speciality bakery company, has this morning revealed a 0.9% increase in revenue to €1.91bn (£1.59bn).
Its group ebita, or underlying profit, also grew by 3.3% to €178.8m in the six months to 31 January 2012.
In its food group, the company which is listed in Zurich and Dublin, said revenue improved by 9.4% to €1.4bn, with its Food Europe division increasing by 7.5%.
Owen Killian, Aryzta’s chief executive, said: “Underlying performance was robust, despite challenging trading conditions. 2012 remains a critical year of transformation for Aryzta with significant ATI-driven change under way across the group to enhance our customer-centric focus. This, combined with our strengthened balance sheet, will enhance future shareholder value from growth with existing customers and sector consolidation opportunities.”