Revenue at Aryzta grow to €1 billion

Revenue at food group Aryzta grew by 4 per cent in the first quarter of the 2012 financial year, growing to just over €1 billion.

The figures, which include the company’s 71.4 per cent share in agri-business company Origin Enterprises, cover the 13-week period to the end of October.

Excluding Origin, which last week published its first quarter results, Aryzta experienced growth of 9.6 per cent, with revenue increasing to €692.6 million. Some 4.4 per cent was attributed to underlying growth, while 6.7 per cent related to acquisitions.

Chief executive Owen Killian said quarter one “was broadly a continuation of Q4 trends”.

Food Europe revenue grew by 9.2 per cent in the quarter to €316.2 million, with acquisitions contributing 6.3 per cent of growth.

Revenues at the American division increased by 9.1 per cent in the quarter to €327.1 million, with underlying revenue up 6 per cent.

The food company reiterated its full-year guidance