Aryzta sales rise in first quarter
December 01, 2008
by FoodBusinessNews.net Staff
ZURICH, SWITZERLAND — Aryzta, formed earlier this year from the merger of IAWS Group and Hiestand Holding AG, said first-quarter sales totaled €865.5 million ($1,089 million) in the period ended Oct. 25, up 32% from the same period a year ago. "Food is a very resilient and stable business," said Owen Killian, chief executive officer of Aryzta AG, in an interim management statement issued Dec. 1. "We have excellent products and trusted brands combined with a strong service network." The company said its Food North America division posted sales of €137.4 million ($173.2 million), up 15% from a year ago.