After achieving its mid-term targets a year ahead of schedule, ARYZTA announces new mid-term targets for the 2025-2028 timeframe. ARYZTA is targeting to achieve above-market revenue growth, further increase profitability and resume capital returns to shareholders during the plan period.

The group expects to continue to improve its profitability to an EBITDA margin of more than 15%. The company plans to achieve this by innovating and focusing on premiumization, it said in an announcement. ARYZTA also plans to optimize its gross costs related to operations, procurement and structural costs by EUR 40-60 million. To do so, it will continue to roll out an IT infrastructure, an investment anticipated at EUR 20-30 million, which is expected to result in savings of a similar value.

The company outlined investments in new lines to increase the production of laminated and artisan products in Switzerland, Germany and Malaysia. The plans also include the construction of a new bun bakery in Australia and further lamination expansion in Poland.

ARYZTA Group CEO Michael Schai commented: “ARYZTA’s mid-term targets reflect our strategy to focus on innovation-led organic growth and premiumization, continuous business process improvements and a comprehensive cost discipline program. Our strategy is targeting to generate sufficient cash to further reduce debt levels, invest in innovation and return capital to shareholders. We envisage further improvements across all our financial metrics over our new plan. It also reflects our aim to be well positioned in our key markets and have sufficient financial strength to control our own destiny, given the consolidation taking place in the bake-off sector.”

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