Global Industry: Aryzta AG announces FY-2023 results

Bremerhaven. (bm) Swiss-based Aryzta AG published its results for the Financial Year 2023. Profitability continues to improve, the company said in its Ad Hoc statement. Organic growth increased from 17.9 percent to 21.6 percent, mainly driven by strong pricing of 18.2 percent and resilient volume growth of 3.5 percent supported by solid market momentum for bake-off products. In total, revenue reached EUR 2,123.2 million, up by 20.9 percent compared to the previous period (FY-2022: EUR 1,756.1 million). Aryzta Europe accounted for 88 percent of Group revenue and Rest of the World had a share of 12 percent. Other topics: