Aryzta AG: Announces H2 and FY-2021 Financial Results

Zurich / CH. (aag) Swiss Aryzta AG announced its financial results for the second half and full year 2021. Delivery on disposals, restructuring and business performance benefiting improved outlook, the company said in its Ad Hoc announcement pursuant to article 53 LR. Key highlights:

  • Full year revenue and underlying Ebitda performance ahead of expectations
  • Returned to positive organic growth in H2 of FY-2021
  • Disposal of North America business completed
  • Disposal of Brazil business signed and CADE approved
  • Five-year refinancing agreed with lenders
  • Liquidity improved and net debt reduced
  • Good progress on simplifying the business structures and removing costs
  • Delivered 25 percent annualised reduction in Group overhead
  • New CFO appointed
  • Paying accumulated deferred and current interest on all Hybrid instruments
  • FY 2022 Outlook:
    • target of mid-single digit positive organic revenue growth
    • margin expansion to run-rate of 12.5 percent Ebitda pre IFRS 16 ( with de minimis non-recurring costs)
    • achievement of sustainable net profit

For additional information please read the company’s PDF file below (358 KB):

20211004-ARYZTA-Q4-2021
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