Aryzta has seen revenue fall across its UK and Irish speciality bakery businesses as “substantially reduced customer spending” has resulted in tough trading conditions for the firm.
Revenue in its Food Europe division dropped 11.4% for the 13 weeks to 31 October 2009.
The firm, formed in August 2008 through the merger of Irish company IAWS and Swiss Bakery firm Hiestand, said the fall was “principally driven by extremely tough trading conditions in the UK and Ireland”, with a revenue decline in these markets in the region of 25% for the period.
Aryzta is a mix of business to business and consumer brands, including Heistand, Cuisine de France and Delice de France. Its Food Europe division comprises its speciality bakery businesses which span across Switzerland, Germany, Poland, the UK and France.