Zurich / CH. (aag) Swiss Aryzta AG announced its financial results for the first half ended 30 January (H1-2021). Performance overview:
- Strong double digit organic revenue growth of 13.3 percent, ahead of expectations
- Organic growth driven by strong volume growth of 11.3 percent and a contribution of 2.0 percent from Price/Mix (1.6 percent is pricing, 0.4 percent is mix)
- Continuing operations Underlying Ebitda increased by 36.7 percent to EUR 104.0m.
- Underlying Ebitda acceleration of 240bps to 12.5 percent supported by disciplined cost management as simplification of business improved operating performance
- Underlying net profit from continuing operations increased to EUR 9.6m versus a loss of EUR (30.8)m in the comparable period
- All hybrid dividend payments up to date
- Brazil disposal completed
- New Malaysian facility to drive regional organic growth
- The expectation for full year 2022 is for organic revenue growth in a range of 12 percent to 14 percent and we reiterate the underlying Ebitda margin guidance
Chairman and interim CEO Urs Jordi: «Organic growth accelerated due to strong volume growth and further positive pricing to support a double digit revenue growth performance. Profitability also improved reflecting the benefits of our simplified structure, disciplined cost management and strong organic growth, despite supply chain volatility and significantly higher input costs. Management is focused on sustaining the improved business momentum as well as its financial performance to further build a sustainable organic growth driven business.»
For additional information please read the company’s PDF file below (406 KB):
20220307-ARYZTA-H1-2022.