Home News Aryzta Reports Strong Growth in Fiscal 2023

Aryzta Reports Strong Growth in Fiscal 2023


The Swiss bakery company, Aryzta, has announced impressive financial results for fiscal 2023. Driven by strong organic growth and high demand for prepared frozen products, the company saw a significant jump in net profit. Revenue also experienced a substantial increase, and all key metrics surpassed expectations.

Net Profit Soars

Aryzta’s net profit for the year ended July 29 reached an impressive €112 million ($118.4 million). This is a significant improvement compared to just €0.9 million in the previous year.

Impressive Revenue Growth

The company’s revenue surged by 21%, reaching €2.12 billion. The accelerated organic growth of 21.6%, up from 17.9% the previous year, played a crucial role in this success. Aryzta experienced strong pricing growth of 18.2%, contributing to the impressive revenue figures.

Demand for Prepared Frozen Products

Aryzta saw a notable increase in volume growth, driven by the high demand for its prepared frozen goods. These bake-off products have become increasingly popular in the market.


Aryzta’s earnings before interest, taxes, depreciation, and amortization (EBITDA) also showed significant improvement. The company achieved €271.3 million, surpassing the previous year’s figure of €171.9 million.

Positive Outlook

As Aryzta switches its reporting year from July-end to December-end, the company expects further advancements in all key metrics for the remainder of 2023. Additionally, Aryzta has reiterated its targets for 2025, demonstrating confidence in its future performance.


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