18 July 2024
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Global Industry

Aryzta AG: annual revenues down 8,6 percent in 2009/2010

Zurich / CH. (aag) Aryzta AG says its operating profit for the year ending July rose by 2,2 percent to 305 million EUR. Revenues for the year fell by 8,6 percent to 3,01 billion EUR as the company said that economic conditions for consumers remain very challenging. The company is proposing a dividend payout of 0,366 EUR and warned that the operating environment is likely to remain difficult in many key areas. «Aryzta´s business model is therefore focused on operational resilience, while remaining well positioned to benefit from any economic recovery», commented company chief executive Owen Killian. Key performance highlights:

Group: Underlying Group revenue declined by 8,6 percent to 3,01 billion EUR.
Operating profit (inclusive associates and JVs) increased by 2,2 percent to 305 million EUR.
Underlying fully diluted EPS increased by 4,0 percent to 2,44 EUR.
Proposed dividend payout of 0,366 EUR (0,48021 CHF) per share based on a payout ratio of 15 percent of underlying fully diluted EPS.
Food: Underlying Food Group revenue declined by 6,7 percent to 1,68 billion EUR.
Operating profit (inclusive JVs) increased by 4,0 percent to 227 million EUR.
Strong cash flow generation of 251 million EUR – over 100 percent profit conversion.
Food Group closing Net Debt: Ebitda of 2,96 times.
Origin: Origin Enterprises underlying earnings growth of 3,0 percent.
Origin Enterprises closing Net Debt: Ebitda of 1,41 times.

Info: Full Year Results for the year ended 31 July 2010 (PDF; 28 pages; 266 KB).


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