ARYZTA CEO steps down
The Board of Directors of ARYZTA AG unanimously decided, together with Michael Schai, that he will step down from his position as CEO with immediate effect. Urs Jordi took over as interim CEO.
Tag: Aryzta
ARYZTA H1 revenue exceeds EUR 1 billion
With a revenue increase of 3 %, reaching EUR 1.09 billion, ARYZTA enjoyed organic growth of 2.8 %, driven by a strong second quarter (4 %), and is on track to reach its 2025 goals, the company announced.
ARYZTA announces new mid-term targets
After achieving its mid-term targets a year ahead of schedule, ARYZTA announces new mid-term targets for the 2025-2028 timeframe.
Michael Schai takes helm at ARYZTA
Starting from January 1, Michael Schai began his new role as the CEO of ARYZTA, where he brings leadership experience spanning 25 years. For his new role, he relocated to Switzerland.
Germany: ARYZTA begins construction of large-scale stone oven
ARYZTA breaks ground for a new large-scale stone oven in Eisleben, in Saxony-Anhalt, Germany. The state-of-the-art facility will meet high sustainability standards and will manufacture premium goods with a handcrafted feel, for the growing German bake-off market.
ARYZTA reports Q3 growth
ARYZTA achieved a resilient 2 % organic growth performance in the third quarter across its businesses and markets, despite weak consumer spending, according to a statement. Recovery in QSR continued, although at a lower pace, while its retail and other foodservice segments performed solidly.
ARYZTA reports strong profit growth
Its EBITDA increased by 7% to EUR 149.8 m. ARYZTA’s profit margin is well on track to reach its mid-term target of at least 14.5%. Its H2 organic growth is expected to improve.
ARYZTA reports Q1 organic growth in line with expectations
ARYZTA achieved a slightly positive organic growth in Q1, as it had anticipated. Performance in Europe compensated for a weaker rest of world, reflecting the importance of QSR outside of Europe.
ARYZTA proposes election of new board director
ARYZTA’s Board of Directors proposes the election of Cornelia Gehrig as a member of the Board of Directors at the Annual General Meeting (AGM) to be held on April 24, 2024.
ARYZTA invests in Australian bakery
ARYZTA announces that it has formally agreed to proceed with the construction and commissioning of a new bakery in Perth, Western Australia. The total investment is estimated to be around EUR 40 million. The project will take two years to complete once construction starts.
Two ARYZTA board members resign
Jörg Riboni and Gordon Hardie resigned from ARYZTA AG board. The board has accepted their resignations with immediate effect, the company announced on November 8. The Board of Directors expressed their thanks to both outgoing board members for their services to ARYZTA AG.
Revenues rise by a quarter for ARYZTA
ARYZTA AG reported organic revenue growth of 25.4% in H1, with an EBITDA increase to EUR 129.1 million. Going forward, the bakery is changing its fiscal year from July ending to December ending, to align with calendar year reporting.
