Global Industry: Aryzta AG announces midterm targets

Bremerhaven. (bm) Swiss Aryzta AG expects to achieve better than market growth, with an organic growth target of 4.5 to 5.5 percent, and reach total revenue of at least EUR 2 billion at constant pricing by the end of the period. The group also expects to achieve a minimum Ebitda margin of 14.5 percent. The group announces that it is targeting a total net debt including Hybrids of approximately 3 times and an ROIC of approximately 11 percent at the end of this period. Aryzta outlined its target expectation to maintain capex spending in the range of 3.5 to 4 percent of revenue. Other topics of the week: