Q3 trading update: revenues were flat on an organic basis (negative volume of 2.7% was compensated by +2.7% price/mix) and +2.7% on reported figures (FX:+2.7%). OG by division: Europe +4.3% (+1.3% volumes, +3% price/mix), North America -4.3% (volumes -6.7%), ROW +3.7% (weaker than in Q2, impacted by promotional rollouts with major customers). The company has appointed HSBC to evaluate alternatives for Aryzta’s 49% investment in Picard.
05 Jun 2017
Q3: Europe improves but visibility remains poor
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Q3: Europe improves but visibility remains poor
Aryzta AG (0MFY:LON) | 0 0 1.6% | Mkt Cap: 2,195m
- Published:
05 Jun 2017 -
Author:
Anna Zyniewicz -
Pages:
2
Q3 trading update: revenues were flat on an organic basis (negative volume of 2.7% was compensated by +2.7% price/mix) and +2.7% on reported figures (FX:+2.7%). OG by division: Europe +4.3% (+1.3% volumes, +3% price/mix), North America -4.3% (volumes -6.7%), ROW +3.7% (weaker than in Q2, impacted by promotional rollouts with major customers). The company has appointed HSBC to evaluate alternatives for Aryzta’s 49% investment in Picard.