ARYZTA Ltd

ARYN

Equity

ISIN CH0043238366 / Valor 4323836

SIX Swiss Exchange (2024-11-21)

CHF 1.46-0.20%

ARYZTA Ltd
UMushroom community rating:

5.00 1 votes No rating yet

NegativeNeutralPositive

About company

ARYZTA Ltd is an international bakery company specializing in convenience bakery products and services, particularly in-store bakery solutions. With a focus on high quality and great tasting bread & rolls, morning bakery, and savoury bakery items, ARYZTA aims to create moments of joy for consumers with freshly baked products. The company's multi-local approach allows for efficient structures, fast decision-making, and close relationships with customers through short supply chains and accelerated innovation response times. ARYZTA is dedicated to meeting local market needs, empowering local leadership teams, and creating value for customers and consumers.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue

ARYZTA Ltd reported revenue of €1,055.2 million for H1 2024. This represents a slight decrease from the previous year's revenue of €1,060.2 million. The company attributed this decline to subdued consumer sentiment and geopolitical events affecting the Quick Service Restaurant (QSR) sector.

EBITDA

ARYZTA Ltd achieved an EBITDA of €149.8 million in H1 2024, up from €140.0 million in H1 2023. The EBITDA margin also improved to 14.2%, driven by innovation and active portfolio management, as well as cost optimizations and input cost tailwinds.

Organic Growth

ARYZTA Ltd experienced a slight organic growth decline of -0.7% in H1 2024. This was primarily due to active portfolio management and ongoing pressures on consumer spending. However, the company expects organic growth to improve in the second half of the year, supported by innovation and new customer listings.

Profitability

ARYZTA Ltd's profitability was bolstered by innovation and active portfolio management, leading to a strong improvement in Return on Invested Capital (ROIC), which increased by 300 basis points to 13.1%. The company also achieved its mid-term leverage ratio target of less than 3x ahead of schedule.

Outlook

ARYZTA Ltd reiterated its guidance for 2024, expecting further improvements in all key metrics. The company anticipates organic growth in the low to mid-single-digit range, continued EBITDA margin expansion, and further improvement in free cash flow and total net debt leverage. The outlook is supported by innovation, new listings, and a recovery in the QSR sector.

Summarized from source with an LLMView Source

Key figures

-13.0%1Y

27.2%3Y

31.4%5Y

Performance

26.4%1Y

33.8%3Y

49.7%5Y

Volatility