Hamburg. (bm) Pre-tax profits fall by 33 million EUR but revenues jump by 1.5 percent, Swiss Aryzta AG reported for the financial year ended 31 July 2016. During the year, Aryzta Europe invested 91.1 million EUR in capital expansion, primarily related to extending capabilities and centralising production in Germany. Aryzta Europe also incurred 5.0 million EUR of non-cash asset write-downs of various manufacturing, distribution and administration assets and 57.1 million EUR of cash non-recurring costs, primarily related to severance and staff-related costs incurred as a direct result of bakery consolidation in Germany and de-layering of management functions across the region. Other topics of the week:
- U.S.: Independent Restaurant Count Declines [US] Fri 09-30
- Europe: Millennials lead the online shopping revolution [US] Fri 09-30
- Nature’s Path acquires 51% stake in Gorilly Goods [US] Thu 09-29
- ConAgra: acquires several packaged foods brands [US] Thu 09-29
- Nestle: announces changes to Executive Board [CH] Wed 09-28
- Yum! Brands: Appoints new member to Board [US] Wed 09-28
- Aryzta AG: Announces Full Year 2016 Results [CH] Tue 09-27
- OTA: 52 percent organic buyers are Millennials [US] Tue 09-27
- Snyder’s-Lance: Announces Appointment of CFO [US] Mon 09-26
- Profile America: about Food Stamps since 1959 [US] Mon 09-26
- Aryzta AG: announces new Chairman of the Board [CH] Sat 09-24
- Dunkin’ Brands: names president DD U.S. and Canada [US] Sat 09-24