ARYZTA reported its dual mandate will end at its 2027 Annual General Meeting. Urs Jordi continues as CEO and will become permanent CEO and regular Board member at the 2027 AGM. In its 2025 annual results, the company also reports solid operational performance, as it targets further improvements.
ARYZTA recorded EUR 2.22 billion in revenue last year, 1.3% higher than in 2024. It’s organic growth was calculated at 1.5%, with an EUR 306.9 million EBITDA.
The company is pleased with the solid results, despite a challenging year, marked by input costs volatility, labor costs inflation, anxious consumer spending and geopolitical and macro uncertainty.
“However, our markets remain in growth and bake-off continues to take market share due to its competitive cost advantages,” ARYZTA highlights.
Organic growth in Europe was 1.3%, where innovation and new lines also contributed to the solid performance. “Innovation strongly supported revenue development in the period, accounting for 19% of Europe’s revenue. This reflects the ramping up of production of new pastry/croissant and artisanal bread lines in Switzerland and Germany,” the company’s report highlights. ARYZTA also announced the investment of approximately EUR 40m in a new bun bakery in Portugal. This state-of-the-art facility will be constructed near Lisbon over the two-year period 2026-27 and is planned to be commissioned in 2028. Combined with ARYZTA’s existing bun bakery in Spain, the new facility is expected to significantly boost supply across the Iberian Peninsula, while also contributing to carbon footprint reductions.
This year, the bakery anticipates low to mid-single-digit organic growth. The new pastry/croissant and artisanal bread lines are producing in line with expectations, while the construction of the new facility in Perth is also progressing according to plan. Innovation accounted for 19% of 2025 revenue.
ARYZTA AG Chairman and Interim Group CEO Urs Jordi commented: “In 2025, ARYZTA delivered further progress in cash generation, deleveraging and earnings per share. This performance reflects the decisive actions taken in Q4 to stimulate growth and accelerate cost optimisation in response to a changing market environment.
Looking ahead, we expect additional support to 2026 earnings performance from the repurchase of the remaining hybrid bond as well as from refinancing initiatives and the optimisation of our corporate structure. This demonstrates confidence in our business model’s cash generation capacity and underpins our commitment to return capital to shareholders. We remain focused on improving performance, generating sustainable cash flow and will communicate in 2026 our plans to return capital to shareholders.”
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