Aryzta AG: H1-2021 results in line with expectations

Zurich / CH. (aag) Swiss-Irish Aryzta AG announced its financial results for the first half ended 30 January (H1-2021). Performance overview:

  • Disposal agreement signed for Aryzta’s North American businesses for USD 850 million
  • Good progress on simplifying the business structures and removing costs
  • H1-2021 revenue and underlying Ebitda performance ahead of expectations
  • Strong liquidity position maintained; EUR 523 million
  • Net debt to Ebitda of 4.07x; Ample covenant headroom
  • On track to deliver 25 percent annualised reduction in Group overhead in FY-2021
  • Covid-19 impact varied by region; vaccination roll-out offers significant further recovery
  • Not providing guidance given ongoing challenges + uncertainty surrounding Covid-19

For additional information please read the company’s PDF file below (117 KB):