Aryzta Moves Back Towards Growth

Switzerland-based bakery group Aryzta has posted a 31.6% increase in revenues for the first nine months of its fiscal year on the back of acquisitions. The firm's revenues to April 30 came in at EUR2.92bn, aided by the US acquisitions of Great Kitchens and Fresh Start Bakeries. Perhaps more significantly, the company reported that it was encouraged by an upward trend in underlying sales - a sign that its core business, which had been damaged by the global downturn, has turned a

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