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.
ARYZTA increased its first-quarter revenue in FY 2023 by 19.8%, to EUR 509.1m and delivered 22% organic growth, the company announced.
ARYZTA has achieved an underlying net profit of EUR 45.6 m in FY 2022, the first profit in many years. Despite current market challenges including inflation, the company anticipates further improvements .
ARYZTA reported strong organic growth of 22.6% in the third quarter of FY2021, with a 20.1% revenue increase, to EUR 433.9 m. The strong organic performance was driven by a volume growth of 15.6%.
ARYZTA announced it has more than doubled its manufacturing capacity in Malaysia following the acquisition of the bakery, equipment and the corresponding land of its co-manufacturer De-Luxe Food Services.