Hamburg. (bm) Swiss Aryzta AG reported a net loss of 908 million EUR for the financial year ended 31 July 2017. Annual results show revenue fell by just over two percent to 3.8 billion EUR. The company has been dogged by poor performance in the US and shareholder unease about an investment in frozen food chain Picard which led to the departure of former CEO Owen Killian and three other members of the senior management team. Aryzta has taken a non-cash charge of 860 million EUR for the year. Most of this relates to the write-down in value of its North American business where profit has nose-dived. In another statement Aryzta AG announced it had agreed a new five-year unsecured refinancing of 1.8 billion EUR. Other topics of the week:
- Cargill: reports fiscal 2018 first-quarter results [US] Fri 09-29
- Flowers Foods: Names Chief Marketing Officer [US] Fri 09-29
- Puratos: launches Virtual Innovation Center [BE] Thu 09-28
- Dunkin’ Brands: Names VP Culinary Innovation [US] Thu 09-28
- Barry Callebaut: continues to expand in North America [CH] Wed 09-27
- Ground-breaking for Buhler Innovation Campus [CH] Wed 09-27
- Unilever announces sale of South Africa spreads business [NL] Wed 09-27
- Walmart: Why the Future Could Mean Delivery Straight Into Your Fridge [US] Wed 09-27
- Nestle S.A.: details value creation plans [CH] Wed 09-27
- Cargill: completes purchase of SSC animal feed business [US] Wed 09-27
- Domino’s: Opens First Store in Slovakia [US] Wed 09-27
- Flowers Foods: Names Chief Information Officer [US] Wed 09-27
- Aryzta AG: Announces Full Year 2017 Results [CH] Tue 09-26
- Announcement by Aryzta AG regarding Refinancing [CH] Tue 09-26
- Restructuring: RedBlack Software splits into two [UK] Tue 09-26
- RGF: secures four million GBP working capital [UK] Mon 09-25
- Aldi US: offers Contactless Payment [US] Mon 09-25
- ConAgra: Agrees To Acquire Angie’s Artisan Treats [US] Mon 09-25
- Packaged Facts: about Clean Labels, Clean Snacking [US] Sat 09-23
- Unilever acquires Pukka Herbs [UK] Sat 09-23
