Wednesday August 12, 2020

Aryzta shares soar after company forecasts earnings growth

Aryzta's latest forecast and further details on its plans to raise €800 million to reduce its debt helped buoy its share price, which has slumped in the last two years

Ian Guider

Markets Editor

@ianguider
1st October, 2018

Aryzta, best known in Ireland for its Cuisine de France brand, said on Monday it was targeting mid-to-high single digit organic earnings growth in its current financial year. The forecast and further details on its plans to raise €800 million to reduce its debt helped buoy Aryzta’s share price, which has slumped in the last two years.

Shares in the company jumped by as much as 33.5 per cent on Monday morning and...

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