Aryzta badly needs a turnaround in its US business with a ‘bumpy road ahead’
Best known in Ireland for its Cuisine de France brand, the company is continuing to sell off assets to pay down debt
The verdict by Swiss stockbroker Vontobel was hardly what Kevin Toland wanted to hear a day after Aryzta published its annual results. He has been at the helm of the now Zurich-based food company, which has its roots in Ireland, for two years and has been firefighting at every turn to arrest the deterioration in its revenue and profits.
Having digested the results, Vontobel’s respected analyst, Jean-Philippe Bertschy, who has tracked Aryzta’s fortunes for years,...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures