Aryzta Share Price Hit By Economic Worries But Offset By Strong Financial Results

Switzerland-based bakery group Aryzta has posted a 29% increase in revenues and a 34% increase in net profits for its latest financial year ending July. The firm's revenues came in at EUR3.88bn while underlying net profits reached EUR260mn. This substantial rise in both revenues and earnings was primarily driven by acquisitions. These results have helped lift the firm's share price, which had previously been underperforming BMI's food index in recent months (see chart). This underperformance can be linked to the wider fall in global equity prices and concerns about the global economy. The firm's focus on food service and higher-end

To read the full article, please choose one of the following options: