H1 update: sales are down 2.8% (-1.6% on an underlying basis, -2% in volumes, +0.4% in price/mix), EBITA declined 31.3% and the EBITA margin contracted 350bp to 8.5%. The reported net loss from continuing operations stood at €141m. H1 underlying sales by region: Europe +1% (Q2: 0.6%), North America -5.2% (Q2: -5.8%), ROW +9.5% (Q2: 9.3%). H1 EBITA by region: Europe -290bp (to 9.1%), North America -450bp (to 7.2%), ROW +10bp to (11.6%). The company accelerated its management team transiti
13 Mar 2017
H1 update: visibility remains reduced
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H1 update: visibility remains reduced
Aryzta AG (0MFY:LON) | 0 0 1.6% | Mkt Cap: 2,195m
- Published:
13 Mar 2017 -
Author:
Anna Zyniewicz -
Pages:
2
H1 update: sales are down 2.8% (-1.6% on an underlying basis, -2% in volumes, +0.4% in price/mix), EBITA declined 31.3% and the EBITA margin contracted 350bp to 8.5%. The reported net loss from continuing operations stood at €141m. H1 underlying sales by region: Europe +1% (Q2: 0.6%), North America -5.2% (Q2: -5.8%), ROW +9.5% (Q2: 9.3%). H1 EBITA by region: Europe -290bp (to 9.1%), North America -450bp (to 7.2%), ROW +10bp to (11.6%). The company accelerated its management team transiti