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Aryzta CEO Acquires Shares Worth Almost €300,000 In The Company

Aryzra's CEO Kevin Toland has acquired 475,000 shares in the company to the value of €297,890 (CHF 326,828) in a transaction that took place in Dublin yesterday.

From Zurich, Switzerland Rolf Watter, non-excecutive director, acquired 150,000 shares worth €90,952 (CHF 99,780), a recently published shareholder report showed.

Growth Improvement

The Swiss-Irish company said it expects underlying core earnings growth to improve in 2020, as the group sees the benefits of the cost-and-debt cutting program kicking in and the North American business stabilising, according to its full year, 2019 financial results.

"We will see a further period of negative organic growth in H1 in the North American market with positive evolution expected in H2 as new contract volumes are realised," CEO Kevin Toland said in a statement on Tuesday.

The bakery giant also posted a 1.9% increase in underlying EBITDA in its full-year 2019 operating period.

© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click sign-up to subscribe to Checkout.

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