Donnerstag, 18. Juli 2024
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Global Industry: Aryzta cuts 2018 Ebitda guidance by 15%

Hamburg. (bm) Irish-Swiss Aryzta AG needs to update its FY-2018 Ebitda guidance. Management’s current best estimate is that FY-2018 Ebitda, on a like for like basis excluding FX and disposals, is likely to be approximately 15 percent below that of FY-2017 (20 percent on a reported basis). While revenue, excluding Cloverhill, is relatively stable, Ebitda weakened towards the end of Q2 in both Europe and US, with this trend not expected to reverse for the remainder of FY-2018. Other topics of the week: