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Aryzta enjoys Q1 revenue growth

first_imgAryzta, the Irish-Swiss bakery group, has reported a 6.1% rise in revenue to €995m (£701m) for the three months to 31 October.The Q1 growth was fuelled by acquisition growth of 0.7 per cent and currency movements of 5.8% which compensated for a drop in underlying growth of -0.4%.Underlying growth in Europe was strong at 5.5% but was negative in North America, with Aryzta not expecting it to become positive until H2. Meanwhile, revenue fell by 10% to €500.1m in the company’s Rest of the World Division.Aryzta chief executive officer Owen Killian, chief executive officer at Arytza, told the Irish Times underlying revenue development was “satisfactory” during the period.He said: “Consumer sentiment is positive in North America where we are encouraged by the initial consumer feedback to our renewed focus on our brands, particularly La Brea Bakery and Otis Spunkmeyer. Consumer sentiment is more muted in Europe although our business in Ireland and the UK returned to growth in the period.”The report follows the news that Aryzta’s chief executive of Aryzta Europe and Asia Pacific is to leave the company in January despite being recently appointed to the senior executive team and being awarded €5.5m in stock options. The Irish Times reported that he is leaving to pursue other interests and he will not be replaced, with senior staff now reporting directly to Killian.last_img read more

Prep for Clonmel Coursing Festival underway

first_imgFor the first time ever the event at Powerstown Park in Clonmel, which starts on Friday, will conclude on a Sunday.If this year’s trial is deemed to be a success then it’s likely that the weekend dates will be retained into the future.Eugene Cooney is from the Irish Coursing Club and says it’s a break from tradition but he’s hopeful the new schedule will attract more spectators.last_img

Six Goals on Kosevo: FC Sarajevo and Galatasaray played a Draw

first_imgWithin the celebration of the 70th anniversary of Football Club Sarajevo, our champion and Galatasaray played a draw (3: 3) at the stadium “Asim Ferhatovic Hase.”At this match, the former players of Sarajevo, Emir Obuca and Alen Skoro, said their goodbye and the audience awarded them with ovations.Galata took the lead in the 12th minute with goal by Olcan, and in 23rd minute Gumus doubled the score.However, by half of the match FC Sarajevo managed to tie the result through goals of Duljevic in the 27th minute and Amer Bekic in 43rd minute.In the second part of the match, we had the opportunity to see 2 more goals. Amer Bekic scored another goal for the turnaround at the very opening of the second half of the match, and Ergin set the final score in the 70th minute.(Source: klix.ba)last_img read more