Aryzta released its H1 results. Underlying growth stood at 0.2% (+0.8% in Q2). On reported figures, sales rose by 5.5% (FX: +5%, net acquisitions +0.3%). Underlying growth by region in Q2: Europe: 3.9%, North America -2.4%, and ROW 5.6%. In H1, the EBITDA margin contracted by 30bp (-30bp for Europe, -40bp for North America and flat for the ROW). The group informed that currently the momentum in revenue growth is lagging 18-24 months prior expectations. Management expects “erratic revenu
14 Mar 2016
Erratic revenue development for another 18 months
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Erratic revenue development for another 18 months
Aryzta AG (0MFY:LON) | 0 0 1.6% | Mkt Cap: 2,195m
- Published:
14 Mar 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Aryzta released its H1 results. Underlying growth stood at 0.2% (+0.8% in Q2). On reported figures, sales rose by 5.5% (FX: +5%, net acquisitions +0.3%). Underlying growth by region in Q2: Europe: 3.9%, North America -2.4%, and ROW 5.6%. In H1, the EBITDA margin contracted by 30bp (-30bp for Europe, -40bp for North America and flat for the ROW). The group informed that currently the momentum in revenue growth is lagging 18-24 months prior expectations. Management expects “erratic revenu