Aryzta has reported a 20.9% revenue increase (to €2,123.2 million) in its 2022/23 financial year.
According to the Cuisine de France owner, organic growth went up from 17.9% to 21.6% in the period, mainly driven by strong pricing of 18.2% and resilient volume growth of 3.5%, supported by an increased demand for its bake-off products.
The group’s EBITDA (earnings before interest, taxes, depreciation and amortisation) increased by 57.8%, to €271.3 million (from €171.9 million).
Urs Jordi, chairman and interim CEO, Aryzta AG, commented, “Our strong organic growth performance of 21.6% underpinned the delivery of a much-improved profit of €112 million.
“This was achieved in a period of challenging trading, with persistent inflation, cost-of-living increases, [and] supply chain and energy costs concerns.
“Volume growth was supported with a doubling of the share of innovation, to 11% of revenue.
“This ensures our products remain aligned with customers’ needs and consumer trends. Our strategy remains focused on organic growth, operating efficiencies, and strict cost discipline.”
Strong Channel Growth Achieved
In relation to channel development, retail represented 53%, foodservice 28%, and QSR (quick-service restaurants) 19% of total revenue.
All channels performed well, with substantial organic growth of 19.1% in retail, 25.9% in QSR, and 23.5% in foodservice, the company noted.
‘We remain on track to deliver further improvements across all key metrics in line with our guidance for the remainder of 2023 and reiterate our mid-term 2025 targets.’
Executive Committee Appointment
Aryzta has also announced the appointment of Christophe Toitot to its executive committee (EXCO), commencing today (2 October 2023).
Toitot has ‘extensive experience’ in the bakery industry, of which 17 years have been with Aryzta.